adler Rod des Reserve Bank of India NOTIFICATIONS ‘Dawe RavA017-8/54 DDBRINe PBC. 104 09.19,027017."8 ‘Speeches Prohiition on desing in Virtual Currencies (VCS) pm, 2018 {A Commaccil and Co-operative Banks /Paymerte Barks!Small Finance Ganks/ INBFCS | Payment Sytem Providers, Madam Dear Si, Prohibition on dosing in Virtual Currencies (VCs) Resorve Bank has ropsatealy troughs puis noties on Docaibr 24,2013, Februar 01, 2017 and Decomber 05, 2017, cautioned users, hlees and radars of veualeurenae, neue Bian, regarding varous sks assocated m dating wih such vial curencies 2. Inviow of he aston risks, thas boon dociod that wih inst fect, eos rogue by th Reserve Bark sal not cea VCs of provi svveos for foctatng ary porson or ently dealing wtn or soting VCs, Suc renices lide maintaining accounts, rgistrng, trading, eng, larg, sing oars ‘agans:vtual fokane, acgptng thm as colar, opening azoaunls of exchanges dealng wir them and tans‘! receet of money aozouris eating 1 purchase! ste of Vs. 2, Regulated etios whicn aes prove such sorvces shales he reltonship wihin tres mons fom the date of is cular 4. These instructions ae inguin exerese of powers confer by secon 35A red wih section 31) ot Banking Regulation Act, 949, secon 35A read wih ‘secon 3(7)() an seoson $8 of he Barking Regulation Act, 1949, secon ASIA ar Lo he Resore Bark of Ida Act, 1954 an Sacon10(2 oad wih Section 18 of Payment and Setlerent Systems Act, 2007 ‘Your atl, (saurev sana) (Cha General Manager Incnarge