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by ashray 4563 days ago 

    the statement issues by RBI earlier, said that anyone who would be found to be dealing in bitcoin, would be considered violating FEMA
Where is this statement ? I only have: http://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?pr...

Was there another statement from the RBI ?
1 comments
rikacomet 4563 days ago
Its there

"The absence of information of counterparties in such peer-to-peer anonymous/ pseudonymous systems could subject the users to unintentional breaches of anti-money laundering and combating the financing of terrorism (AML/CFT) laws. "

anti-money laundering = FEMA, there is no law called AML, there are two laws: FEMA & PMLA. As per the investigation, the right clauses are applied.

link