Virtual Currencies
Supreme Court backs RBI ban on virtual currency
RBI had restricted all the banks and financial institutions from using crypto currency.
India's Coinsecure exchange says USD 3 million worth of bitcoins stolen
Coinsecure said it would compensate customers for losses from its existing funds.
Blackmoney SIT reviews cryptocurrencies; directs clampdown
Government is the final authority to frame rules and law to regulate these virtual currencies.
RBI cracks down on digital currencies; plans own cryptocurrency
Reserve Bank on Thursday tightened the rules to discourage use of virtual currencies.
Exchange ban news sends Bitcoin on rollercoaster ride
South Korea backtracks from ban on cryptocurrency trading after online petitions.
Finance ministry likens cryptocoins to ponzi scheme
Bitcoin has surged by more than 900 per cent in value in 2017, which has raised fears of a bubble around countries.
Bitcoins, other virtual currencies like Ponzi schemes: FinMin
The RBI clarified that it has not given any licence to any entity to operate such schemes or deal with Bitcoin or any virtual currency.
Finance Ministry warns investors against virtual currencies
Consumers need to be alert and extremely cautious as to avoid getting trapped in such Ponzi schemes.
No regulations governing virtual currencies in India: Jaitley
RBI advised that it has not given any licence to any entity/company to operate such schemes or deal with Bitcoin.
RBI deputy governor raises concern over virtual currency
Gandhi said virtual currencies are stored in digital electronic form and are prone to losses.