Sunday, February 25 2018

January 27, 2018

Govt ask I to carry out study on cryptocurrency like Bitcoin

New Delhi-Government has sought the Institute of Chartered Accountants of India’s (ICAI) opinion on the virtual currencies or cryptocurrency such as Bitcoin.”Ministry of Corporate Affairs has sought our opinion on accounting standards and disclosures of cryptocurrency in financial statements of companies,” Member of Digital Accounting and Assurance Standard Board of ICAI, Debashis Mitra said.He said a detailed study would be carried out about virtual currencies, a new phenomenon but the importance of which is catching up globally. The study was expected to be submitted to the Ministry of Company Affairs (MCA) by March this year.