Finance Minister Nirmala Sitharaman on Wednesday said she will go through the Supreme Court order allowing banks and financial institutions to provide services related to cryptocurrencies
The government though is yet to act on these recommendations and is yet to finalse regulations around cryptocurrencies.
SC lifts total ban on cryptocurrency trade; quashes 2018 RBI circular banning banks from providing services
According to the 6 April 2018 circular, the entities regulated by the RBI are prohibited from "providing any service in relation to virtual currencies.
Cryptocurrency transactions opposed to protect integrity of banking system; no formal ban issued: RBI tells SC
The RBI said it had not banned cryptocurrencies such as Bitcoin in India, but only ringfenced regulated entities like banks from risks involved in the trading of virtual instruments.
The RBI insists that cryptocurrencies cannot be currently considered valid currency.
Hidden environmental cost of mining is rarely measured & conveniently not taken into account: Study.
The NSO Group employee has been charged with trying to sell intellectual property for $50 million.
Bithumb said it will “make up for the lost cryptocurrencies” with the exchange’s own coins
WhatsApp Payments: Messaging app may turn heat on mobile wallet players, but game has shifted to value-added deals
What Facebook-controlled WhatsApp can do, however, is to possibly look deeper into your behaviour than other mobile wallet players like MobiKwik, PayTm etc
More than 4,200 sites were infected with a malicious version of a widely used tool known as Browsealoud
Despite uncertainty in cryptocurrency, virtual currency and blockchain related job postings sees an increase: Report
Given its advantages, blockchain development is fast gaining favour for a number of applications ranging from monetary transactions to legal documentation.
Bipin Preet Singh, Co-founder of e-wallet MobiKwik, said that "the government should consider regulating cryptocurrencies than curbing their use entirely".
Government has issued repeated warnings against digital currency investments, saying these were like “Ponzi schemes” that offer unusually high returns to early investors
On Tuesday, bitcoin had fallen 25 percent in the session, its biggest daily decline in four months, a far cry from its peak close to $20,000 in December.
Chinese central bankers working to clampdown on centralised trading of virtual currency such as bitcoins
PBOC vice governor Pan Gongsheng said the government would continue to apply pressure to the virtual currency trade and prevent the build-up of risks in that market.
South Korea plans to ban cryptocurrency trading, conducts raids on exchanges for alleged tax evasion
South Korean government on Thursday said it plans to ban cryptocurrency trading, sending bitcoin prices plummeting and throwing the virtual coin market into turmoil as the nation’s police and tax authorities raided local exchanges on alleged tax evasion
On bitcoins, Ajay Tygai said there should not be any regulatory oversights on blockchain technology as it was useful which should be encouraged
Currently, bitcoin and any such cryptocurrencies, are not an approved product by the Reserve Bank of India (RBI) or any other regulator.
The minister was replying to a question whether cryptocurrencies such as Bitcoins are used increasingly during the past few years.
I-T Department to issue notices to 4 to 5 lakh HNIs trading in bitcoin and other virtual currency for tax evasion
The trigger for the action is understood to be the huge spike being registered in the value of bitcoin and other virtual currency in the recent past.