The Supreme Court on Wednesday allowed banks and financial institutions to provide services related to cryptocurrencies by setting aside the RBI's 2018 circular which had prohibited them. A three-judge bench, headed by Justice R F Nariman, said the Reserve Bank of India circular is liable to be set aside on the ground of "proportionality". "Accordingly, the writ petitions are allowed and the circular dated April 6, 2018 is set aside," said the bench, also comprising justices Aniruddha Bose and V Ramasubramanian.
The comments come a year after the government tagged Bitcoins and other crypto-currencies illegal and following which the RBI banned trading on them.
The central probe agency is looking at Kundra's purported dealings with Ranjeet Bindra and a firm called Bastian Hospitality in connection with this case.
Morey's tweet of support for pro-democracy protests in Hong Kong prompted Chinese sponsors and partners to cut ties with the league and forced the National Basketball Association (NBA) to answer difficult questions about free speech.
A government panel said policymakers and regulators should have an open mind regarding the introduction of an official digital currency in India.
Crypto-assets are essential to blockchain technology, which has the potential to be one of the next major growth drivers for the software ecosystem in India. A prohibition would nip this opportunity in the bud, say Vaibhav Parikh and Jaideep Reddy.
Automation, artificial intelligence, cryptocurrency and virtual reality would demand more jobs.
The accused had purchased Bitcoins worth $1,000 but someone duped him, following which he lodged a complaint with the Federal Bureau of Investigation, an American intelligence and security service, but did not get a desired response.
'As the interest rates rise, people are going to say why should I be taking big risks when I can get 4 to 5 per cent in a bank account.' 'So, I think you have to change your thinking.' 'You need to look at the balance sheet, look at dividends.' 'These issues that have been ignored.'
Mathematical problems can sometimes turn out to have real-world applications. This is true for the Riemann Hypothesis. Crypto-currency investors will heave a sigh of relief if the problem is unsolved since a proof could render their expertise obsolete, explains Devangshu Datta.
Since trading in virtual currencies is not illegal, they traded in cash or through barter in some instances.
Dhivya Suryadevara, chief finance officer of the US's largest automaker General Motors, comes in at the 4th spot, followed by Vimeo CEO Anjali Sud (14), cofounder and co-CEO of Robinhood, Baiju Bhatt (24) and Female Founders Fund founding partner Anu Duggal (32).
'A key trend that one should expect to see is tonnes of failures.' 'Several blockchain-focused companies will fail.'
Vir Das' commencement address to graduates of Knox College is the best advice you'll read today.
Illegal gambling on the cup is prevalent in countries like Thailand and Malaysia, where football is hugely popular, but which don't have legal betting alternatives, gambling industry experts say.
The businessman was summoned at the ED's office and was asked questions about the purported links of the alleged main accused of the case Amit Bhardwaj with his businesses.
Anthony Pompliano, general partner at Morgan Creek Capital Blockchain in the Silicon Valley, shares his views on cryptocurrencies with Mayank Jain in an email interview.
'As an investor, I either have to exit my investments in the next three months or use dark pools or cash to transact. For a normal investor, it will be almost impossible to transact in bitcoin and other digital currencies.'
"Virtual currencies, also variously referred to as crypto currencies and crypto assets, raise concerns of consumer protection, market integrity and money laundering, among others," RBI said.
Cryptocurrency exchanges face issues with their current bank accounts.
Investors should allocate 10 to 15 per cent in their portfolios to gold through sovereign gold bonds.
Limit your investment in cryptocurrencies and make sure you have current holdings in your own custody until regulatory cloud blows over, experts tell Sanjay Kumar Singh.
Indian exchanges see spurt in volumes due to the entry of newcomers to the trade
Jim Rogers, chairman of Rogers Holdings, tells Puneet Wadhwa that the US bond market that hit bottom in 1981 and has been in a bull-run since then, is coming to an end.
There are no regulations governing virtual currencies in India and the RBI has not given any licence to any entity/company to operate such currencies.
Last week, the country's leading exchange, Zebpay, launched trading in Litecoin, which is the eighth-largest cryptocurrency, following rising demand from Indian investors.
Silver has a dual role - 60 per cent of the total silver produced is used for industrial purposes in the electrical & electronics segment and photovoltaic demand mostly for solar panels.
Income tax department sends out notices to cryptocurrency investors on suspicion of tax evasion.
'The best way to start is to understand your finances.' 'Keeping a tab on spending can help you invest more.'
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
Being distributed through a fake Flash Player app, the malware is designed for stealing login credentials, hijacking SMSs, uploading contact lists and SMSs to malicious servers, reports Romita Majumdar.
The last time all listed starred questions were taken up was in 2002 during the 197th Session of the Upper House, officials in the Rajya Sabha secretariat said.
Don't invest more than 5 per cent of your portfolio in bitcoin. The virtual currency's price has run up very fast and experts feel a correction may be around the corner.
Virtual currencies don't have any intrinsic value and are not backed by any kind of assets.
The CBI said the software enables the user to save all required details to book Tatkal tickets beforehand.
The trigger for the action is understood to be the huge spike being registered in the value of bitcoins and other virtual currencies in the recent past.
Google's Year in Search reveals a deep interest in 'How to remove Holi color from face'!
Short-term capital gains tax of 30% is likely to be levied if bitcoin is held for less than three years and 20% if held for longer than 36 months.
Specific sections of the Companies Act need to be amended to empower Sebi to regulate or take penal action against an unlisted entity and its promoters for violating the insider trading and other securities norms.
India needs to follow countries such as Singapore who have and are further bolstering their cyber security apparatus.
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