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Virtual currencies

Income tax returns (ITR) filing: Bitcoin, Ethereum, Ripple prices soaring; have you invested? Here is a warning on cryptocurrencies

Income tax returns (ITR) filing: Bitcoin, Ethereum, Ripple prices soaring; have you invested? Here is a warning on cryptocurrencies

Mon, Mar 12, 2018

Income tax returns (ITR) filing: many countries all over the world including India do not yet recognise Bitcoin or other virtual currencies as legal tenders. Some countries like US, Canada and Australia have supported the use of Bitcoin. Regardless of its legal status, people still continue to invest in them as returns on them are very high compared to other financial instruments.

Cryptocurrencies: stakeholders say they are here to stay

Cryptocurrencies: stakeholders say they are here to stay

Thu, Feb 15, 2018

They went through a shocking decline recently. Bitcoin, the leader in cryptocurrencies, fell from its high of under $20,000 in mid-December to around $6,000 in value in less than two months.

Virtual currencies: ICAI to come out with concept paper

Virtual currencies: ICAI to come out with concept paper

Wed, Feb 14, 2018

Virtual currencies are stored in digital or electronic format, making them vulnerable to hacking, loss of password and malware attack, which may also result in permanent loss of money.

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60 million Android users hit by malware: Study

60 million Android users hit by malware: Study

Wed, Feb 14, 2018

Some malicious domains are directing Android users to some websites that are set up for mining cryptocurrency

Citi India bans use of debit/credit cards to buy bitcoins

Citi India bans use of debit/credit cards to buy bitcoins

Tue, Feb 13, 2018

The decision, the bank said, comes following concerns, both globally and locally including from the RBI

Craze for cryptocurrencies continues despite FinMin, RBI cautions

Craze for cryptocurrencies continues despite FinMin, RBI cautions

Mon, Feb 12, 2018

Sebi chief Ajay Tyagi will set up a panel to propose a regulatory framework after examining cryptocurrencies and their implications

Rules on cryptocurrencies should be out soon: Sebi chief

Rules on cryptocurrencies should be out soon: Sebi chief

Sat, Feb 10, 2018

Ajay Tyagi said a policy in this regard should come first and then only the role of Sebi can be outlined

Cryptocurrencies: Goldman says most digital currencies will not survive

Cryptocurrencies: Goldman says most digital currencies will not survive

Thu, Feb 08, 2018

The value of cryptocurrencies soared in 2017 before slumping, with bitcoin losing nearly two-thirds of its value since mid-December.

Govt yet to formulate policy to check cryptocurrencies

Govt yet to formulate policy to check cryptocurrencies

Mon, Feb 05, 2018

According to a poll, 47% of the users said they still want to invest in virtual currencies

India sends tax notices to cryptocurrency investors as trading hits $3.5 billion

India sends tax notices to cryptocurrency investors as trading hits $3.5 billion

Fri, Jan 19, 2018

India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said.

Bitcoin is an asset, not a currency: Israel's central bank

Bitcoin is an asset, not a currency: Israel's central bank

Mon, Jan 08, 2018

Israel`s central bank said on Monday it would not recognise virtual currencies such as bitcoin as actual currency and that it was difficult to devise regulations to monitor the risks of such activity to the country`s banks and their clients.

Ukraine kidnappers free bitcoin analyst after $1 million ransom paid

Ukraine kidnappers free bitcoin analyst after $1 million ransom paid

Sat, Dec 30, 2017

Pavel Lerner, a leading analyst and blockchain expert, was abducted by unknown masked people on Dec. 26, according to a statement by his company, EXMO Finance, on its website.

Govt cautions people against risk of investing in virtual currencies

Govt cautions people against risk of investing in virtual currencies

Fri, Dec 29, 2017

"There is a real and heightened risk of investment bubble of the type seen in ponzi schemes which can result in sudden and prolonged crash exposing investors, especially retail consumers losing their hard-earned money," said the statement.

Transneft says its computers were used for mining cryptocurrency

Transneft says its computers were used for mining cryptocurrency

Fri, Dec 15, 2017

"Incidents where the company`s hardware was used to manufacture crypto-currency have been found. It could have a negative impact on the productivity of our processing capacity," Transneft Vice-president Vladimir Rushailo told a company meeting. He did not elaborate.

Bitcoin drops after dramatic gains ahead of futures launch

Bitcoin drops after dramatic gains ahead of futures launch

Sat, Dec 09, 2017

Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse.

RBI reiterates caution against use of Bitcoins, virtual currencies

RBI reiterates caution against use of Bitcoins, virtual currencies

Tue, Dec 05, 2017

A third warning by the RBI against the use of Bitcoins and virtual currency was flagged today.

Bitcoin: Can RBI ignore the elephant in the room?

Bitcoin: Can RBI ignore the elephant in the room?

Fri, Mar 03, 2017

On March 1, RBI Deputy Governor R. Gandhi raised concerns over virtual currencies.

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