The cryptocurrency will fall in the RBI's domain.
The new law proposes to bring e-retail users and players into its fold.
'As an investor, I either have to exit my investments in the next three months or use dark pools or cash to transact. For a normal investor, it will be almost impossible to transact in bitcoin and other digital currencies.'
Absence of comprehensive data protection and privacy laws will be barriers in the government's digitalisation drive.
Ritu Jha/Rediff.com reports from California on the largest TieCon ever.
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