Kochhar & Co. Advocates & Legal Consultants
November 30, 2022 - India
Concept Note on Central Bank Digital Currency - Our Key Takeaways
by Kochhar & Co.
“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by the Reserve Bank shall not deal in VCs or provide services for facilitating any person or entity in dealing with or settling VCs. Such services include maintaining accounts, registering, trading, settling, clearing, giving loans against virtual tokens, accepting them as collateral, opening accounts of exchanges dealing with them and transfer / receipt of money in accounts relating to purchase/ sale of VCs.
Read full article at: https://www.worldservicesgroup.com/pdf/Kochhar_Article-by-Ramasamy-Santhanakrishnan-Concept-Note-on-Central-Bank-Digital-Currency-Our-Key-Takeaways.pdf