Team blockchain lawyer filed a Right to information application regarding the the proposed Banning of cryptocurrency and regulation of official digital currency Bill 2019 based on an Economic times article dated April 26, 2019.
The RTI was filed on May 7, 2019 and RBI response was received on June 4, 2019.
This is the RBI response. Claims that it has no communication regarding this bill !
Original Title
Blockchain Lawyer RTI Response by RBI for Banning of Crypto Bil
Team blockchain lawyer filed a Right to information application regarding the the proposed Banning of cryptocurrency and regulation of official digital currency Bill 2019 based on an Economic times article dated April 26, 2019.
The RTI was filed on May 7, 2019 and RBI response was received on June 4, 2019.
This is the RBI response. Claims that it has no communication regarding this bill !
Team blockchain lawyer filed a Right to information application regarding the the proposed Banning of cryptocurrency and regulation of official digital currency Bill 2019 based on an Economic times article dated April 26, 2019.
The RTI was filed on May 7, 2019 and RBI response was received on June 4, 2019.
This is the RBI response. Claims that it has no communication regarding this bill !
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— _____ 04 95 2019
RTI Portal
Shri Varun Sethi
Innov8 Coworking
69 Regal Building ,Cannaught Place
New Delhi 110001
Delhi
Hele, «Sit, : =
‘YET & ciftrere afftifean 2005 & stata Application under Right to Information
arden - arefangereveny 2019/52133 _| Act, 2005 - RBIND/R/2019/52133
Pua GT aT after sifiaa, 2005 Please refer to your application dated May |
Sieh GT Brat Ses & fg Taga Ste Feetigy 07, 2019 seeking certain information under |
07 4 2019 & ended ar deel il | the Right to Information Act, 2005.
2. daira Sree ogdy A oega E1 | 2. The information is furnished in the Annex. |
3. BL oMvat Sad He aed & fH Ueda | 3. We would like to inform that the First |
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a afta, éAte erates yar, zdle s1a Ris | Department of Payment and Settlement
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Ua @F urflel & 30 feat & stare wet snitete | 400001. Appeal, if any, in respect of the
uifteondt ot thei wed 81 above reply, should be preferred within 30
days to the First Appellate Authority.
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Annex
RBIND/R/2019/52133
Information Sought Reply
The news article so stated above mentions:
1. The government has kicked of inter-ministerial consultations on a draft bill to ban
cryptocurrencies and regulate official digital currencies.
Is there a draft bill under discussion to ban
crypto currencies and regulate official |
| digital currencies as of date?
‘What are “official digital currencies” as per |
b. | RBI?
se confirm if such corsultalions have
been started within your goverment
department and since when? Your query has been forwarded to Central
Public Information Officer (CPIO}, Department
of Economic Affairs (DEA), Ministry of Finance,
Government of India under Section 6(3) of the |
Right to Information Act, 2005 to provide
information, if any, available with them.
Who are the officers / office who have
initiated / are involved in such
| Contact details of such officer(s) with email
e. 1D, designation and office location.
| Who are the officers from your ministerial
department that have been involved in inter
f. | ministerial consultations with other
departments?
Wheiher there has been any written
correspondence from other ministerial
3 | departments offically to RBI in this matter? |
Whether RBI has sent out official
fh. | SoMmunication to other departments for
this matter?
No.
Whether there has been any
communication received from Central
Government in this matter? Please share |
copy thereof.
‘The news article further states = -
‘The “Banning of Cryptocurrencies and Regulation of Official Digital Currencies Bill
2. | 2019" draft has been circulated to relevant government departments, a government
officials aware of details told ET.Information Sought
| Whether your department has also
received a copy of the craft circulated as
‘When did your department receive such
Who is the concerned government official
who has been authorized in this matter to
deal with public queries / other department
Whether RBI has done internal meeting in
this matter to discuss, deliverate and
decide the plan of action ahead of how to
ban cryptocurrencies and regulate official
Please share copy of the minutes of the
internal meetings in this matter.
Ifthe draft has not been received by RBI, in
this matter, is there information that RB! is
not the relevant authority to take decisions
Has RBI made efforts to obtain a copy of
the draft circulated in this matter since as
perthe RBI website, REI has been initiating
investor education notifications
educating investors to refrain from investing
in cryptocurrencies and risks involved
~ | What are the legal rights as per the powers |
3 | stated above?
b. | draft that was circulated?
°.
communications?
d.
digital currency bill?
e
f
in this matter?
many
g.
therein.
he
entrusted with RBI, in case the bill is being
discussed without the knowledge of RBI?
Has RBI issued any circular / notification / |
public communication in this matter on its
official website regarding such bill?
“The news article further states
named.
No.
Your query has been forwarded to Ceniral
Public Information Officer (CPIO), Department
of Economic Affairs (DEA), Ministry of Finance,
Government of India under Section 6(3) of the
Right to Information Act, 2005 to provide
information, if any, available with them
Please refer to the reply at query 2.a.
Reserve Bank of India
information in this regard,
(RBI) does not have
No.
A number of government departments including the Department of Economic Affairs
(DEA), Central Board of Direct Taxes (CBDT), Central Board of Indirect Taxes and
Customs (CBIC) and the Investor Education and Protection Fund Authority (IEPFA) —
have endorsed the idea of a complete ban on the “sale, purchase and issuance of all
types of cryptocurrency” according to a government officials who did not wish to be |