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7 selected articles
RBI cautions users of virtual currency, again - Livemint
Poll setback in Gujarat's cotton belt worries Maharashtra BJP
The Reserve Bank of India (RBI) on 1 February said that it has not given any licence or authorization to any entity or company to operate virtual currency schemes or deal with bitcoin or any virtual currency. "Any user, holder, investor or trader dealing with virtual currencies is doing it at their own risk," said RBI in a release on...
Date: 2017-12-20 02:06:29
The risks and thrill of investing in bitcoins in India ...
While there are multiple risks, bitcoin has also given some traders the thrill of earning returns of 1600% in the past year
Last Published: Thu, Dec 07 2017. 08 44 AM IST
The bitcoin bubble may well get much larger until there is clarity on its use as a currency.
On Tuesday, the Reserve Bank of India (RBI) issued its third warning about trading in virtual currencies such as...
Date: 2018-01-30 20:25:30
Govt warns against bitcoin trading, equates virtual ...
Ministry of finance cautions against risks of investing in virtual currencies such as bitcoin which lack government fiat, compares them with ponzi schemes
Last Published: Fri, Dec 29 2017. 11 34 PM IST
Asit Ranjan Mishra
The ministry of finance move follows a crackdown by South Korean government on trading of bitcoins which led to a 8% drop in its value on Thursday. Currently, the value of...
Date: 2018-01-30 17:05:33
Income tax department surveys bitcoin exchanges - Livemint
The income tax department's survey on bitcoin exchanges was undertaken to secure information about transactions, parties involved and bank accounts used
Last Published: Thu, Dec 14 2017. 01 18 AM IST
Gireesh Chandra Prasad Vivina Vishwanathan Remya Nair
The survey was part of the authority's broader efforts to profile and scrutinize assessees who pose a risk of tax evasion.Photo: AFP
Date: 2018-01-11 22:13:41
Related topics : virtual currency exchange bitcoin / virtual currency and the financial system the case of bitcoin / bitcoin exchange money laundering / bitcoin price exchange / bitcoin exchange market cap
Bitcoin regulations in India - Livemint
India launches high performance computer system Mihir
Last week, income tax department surveyed the major bitcoin exchanges in India. The survey reports said, this was done to collect information about transactions and check whether there was a risk of tax evasion. This week, it was reported that the income tax department is set to issue notices to about 5,00,000 high net worth individuals...
Date: 2018-01-30 19:24:59
What will pop the bitcoin bubble? - Livemint
That raises the prospect of bitcoin becoming a casualty of its own success should cryptocurrencies gain sufficient mainstream adoption and pose a threat to the government's ability to collect taxes or the efficacy of monetary policy. Even so, the recent history on restrictions is not encouraging for bitcoin bears: the digital currency was able to shake off what was tantamount to an attempted ban...
Date: 2017-12-30 08:05:52
Indian IT firms eye technology behind Bitcoin for ...
Japan's economy could get a boost in 2018 from bitcoin
Bengaluru: Software services providers Tata Consultancy Services Ltd ( TCS ), Infosys Ltd and Cognizant Technology Solutions Corp. have boosted investment in so-called blockchain technology and started to look at ways to build applications around it.
Blockchain is essentially an electronic system which is currently being used by crypto...
Date: 2017-12-30 09:41:13