Virtual Currency

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Virtual Currency - Total results - 66
Finance Minister Nirmala Sitharaman says will go through Supreme Court order on cryptocurrency
Business

Finance Minister Nirmala Sitharaman says will go through Supreme Court order on cryptocurrency

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

Supreme Court lifts RBI's ban on cryptocurrency transactions in India
News & Analysis

Supreme Court lifts RBI's ban on cryptocurrency transactions in India

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
Business

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
Business

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.

SC to hear final arguments on petitions challenging RBI's ban on cryptocurrency today
News & Analysis

SC to hear final arguments on petitions challenging RBI's ban on cryptocurrency today

The RBI insists that cryptocurrencies cannot be currently considered valid currency.

Bitcoin mining uses as much energy as the entire country of Denmark: Study
science

Bitcoin mining uses as much energy as the entire country of Denmark: Study

Hidden environmental cost of mining is rarely measured & conveniently not taken into account: Study.

Ex-employee of cyber surveillance company NSO Group, charged with cyber crimes
News & Analysis

Ex-employee of cyber surveillance company NSO Group, charged with cyber crimes

The NSO Group employee has been charged with trying to sell intellectual property for $50 million.

South Korean cryptocurrency exchange Bithumb hacked; $31.51 million stolen
News & Analysis

South Korean cryptocurrency exchange Bithumb hacked; $31.51 million stolen

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
Business

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

US and UK government websites were infected with cryptomining malware code: Report
News & Analysis

US and UK government websites were infected with cryptomining malware code: Report

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
News & Analysis

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.

Budget 2018: Cryptocurrencies need regulation and shouldn't be curbed, say industry experts
News & Analysis

Budget 2018: Cryptocurrencies need regulation and shouldn't be curbed, say industry experts

Bipin Preet Singh, Co-founder of e-wallet MobiKwik, said that "the government should consider regulating cryptocurrencies than curbing their use entirely".

I-T dept sends tax notices to cryptocurrency investors as trading hits $3.5 billion
Business

I-T dept sends tax notices to cryptocurrency investors as trading hits $3.5 billion

Government has issued repeated warnings against digital currency investments, saying these were like “Ponzi schemes” that offer unusually high returns to early investors

Bitcoin falls by seven percent on fears that regulators might clamp down on the cryptocurrency
News & Analysis

Bitcoin falls by seven percent on fears that regulators might clamp down on the cryptocurrency

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
News & Analysis

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
World

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

Bitcoins cannot be ignored, govt in talks with RBI, Sebi for to what to do about it: Ajay Tyagi
Business

Bitcoins cannot be ignored, govt in talks with RBI, Sebi for to what to do about it: Ajay Tyagi

On bitcoins, Ajay Tygai said there should not be any regulatory oversights on blockchain technology as it was useful which should be encouraged

Bitcoin cannot be ignored and blockchain technology should be encouraged: SEBI chairman
News & Analysis

Bitcoin cannot be ignored and blockchain technology should be encouraged: SEBI chairman

Currently, bitcoin and any such cryptocurrencies, are not an approved product by the Reserve Bank of India (RBI) or any other regulator.

Government does not maintain any data on virtual currencies like Bitcoin: Pon Radhakrishnan
News & Analysis

Government does not maintain any data on virtual currencies like Bitcoin: Pon Radhakrishnan

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
News & Analysis

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.