Last Updated:November 24, 2024, 13:48 IST Bitcoin’s price remained highly volatile in the past 14 years, testing the patience of even most dedicated holders. Currently, the price of one Bitcoin stands at nearly $98,000. Bitcoin, launched in 2009, was an obscure digital currency with virtually no value in its early days. In 2010, Bitcoin was … Read more
SEBI’s stance has not previously been reported. (Representative image) SEBI said it could monitor cryptocurrencies that take the form of securities as well as new offerings called Initial Coin Offerings (ICO). India’s market watchdog has recommended that several regulators oversee trade in cryptocurrencies, documents show, the strongest signal to date that at least some authorities … Read more
Currently, bitcoins have no legal backing in India and investors have to pay a tax on the income earned by trading in them. RBI has been critical of new-age currencies like bitcoins, saying they pose systemic risk to the financial systems. Crypto currencies cannot be referred to as “currencies” as they have no underlying value, … Read more
