Business Government panel recommends complete ban on bitcoin and other virtual currencies Updated : December 07, 2018 12:17 PM IST In November, the government had appointed a panel to draft the norms for virtual currencies. The panel was headed by Subhash Chandra Garg, secretary, department of economic affairs (DEA) and has submitted its report to finance minister Arun Jaitley. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.