The corporate affairs ministry has announced companies will have to disclose any holding or dealings in cryptocurrencies or virtual currencies in their financial statements filed with the Registrar of Companies (RoC).
About:
All companies will now have to disclose in their statutory financial filings to the RoC
any profit or loss on transactions involving cryptocurrency,
the amount of cryptocurrency held on the reporting date, and
any deposits or advances received from anyone for the purpose of investing in cryptocurrencies or virtual currencies.
Some experts have said these disclosure requirements indicated the government is open to regulating cryptocurrencies instead of banning them.
Dear Student,
You have still not entered your mailing address. Please enter the address where all the study materials will be sent to you. (If applicable).
