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_RESERVE BANK OF INDIA. oe eg Shiteawy, Fish, omvsnSe 82526/01.06.600/2018-19 ] — _____ 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 | ad de 8 wey onic aifttent era, sch | Appellate Authority in Reserve Bank of India | urddt dt Yam, oriuice Rex, wedi] is Smt Parvathy V Sundaram, Executive fade, una ahz Faert oor feu, 14 | Director, Reserve Bank of _ India, a afta, éAte erates yar, zdle s1a Ris | Department of Payment and Settlement arf, wté, dat400001 @1 sudad_ sax a | Systems, 14° Floor, Central Office Building, Pau Tom aie ag enti SET aes Ft GA sa | Shahid Bhagat Singh Road, Fort, Mumbai - 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. — ‘Yala | Yours faithfully we JN TRI) ‘Sata or yer often? / Central Public Information Officer _ Encl: As above Far Pewee Stati, Giremtone eek raga Oe, SE ODOTT ‘aol (6-22) 2264 4095, $psF ax (91-22) 2691657. GEmemall- sgedpsxco@okrgin Deparment o Payment end Sateen Sys, Cento! Ofc, 4° For, Cental Ostee Bsn, Shahid Bhagat Sigh Marg Fat, mba 02001 Semnt wattage | ™ 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 |