ORDER

1. The Complainant filed an RTI application dated 23.10.2021 seeking information on the following points:

• “As per the rule under the Right to Information Act 2005, I sought information related to a digitally traded currency like Virtual currency / Cryptocurrency that circulating in the country and outside.

• Regarding Cryptocurrency, a Circular was issued by the Reserve Bank of India, dated 06th April 2018, prohibited banks from dealing in Cryptocurrencies or offering any services to Customers on them. But Applications like WazirX, grow, which are currently available at Google Play store and IOS have got a large number of customers in India. According to information revealed by a Cryptocurrency Trader, nearly 10,000 Crores of Rupees of investment had been made only in virtual currencies in India.

(i) As per the available information, kindly furnish the position and stand of the Reserve Bank of India in digital trading and possession of Cryptocurrencies by the Indian Citizens (ii) If the Cryptocurrencies are permitted to trade, does the Reserve Bank of India have initiated to codify the data in connection with the Cryptocurrency investment and investor