Courtesy: Economic Times – 5th Dec 2017 BENGALURU: If crypto-currencies are the future of the digital economy, then initial coin offerings, or ICOs, could be the future of fundraising. At least a half dozen Indian startups are skipping venture capital dollars to raise funds through ICOs despite the regulatory ambiguity, as investors take longer to… Continue Reading »
Another experiment with currency? RBI is looking at its own Bitcoin Courtesy: Economic Times – 16th Sep 2017 It seems demonetisation is not India’s last experiment with currency. The Reserve Bank of India (RBI) is now looking at the brave new world of cryptocurrency. The success of Bitcoin, a popular cryptocurrency, may have encouraged the… Continue Reading »
Courtesy: Moneycontrol.com – CNBC Reserve Bank of India (RBI) has a group looking into cryptocurrencies as legal tender, but the central bank is uncomfortable with bitcoin, says senior officer. The Reserve Bank of India today said they are looking at fiat cryptocurrencies but is not comfortable with bitcoins or virtual currency (VC). Sudarshan Sen, RBI… Continue Reading »
Courtesy: Reuters News – 8 Sep 2017 Russia’s finance ministry wants to regulate the circulation of cryptocurrencies involving Russian citizens and firms, Finance Minister Anton Siluanov said on Friday. Russian financial authorities initially treated any sort of money issued by non-state approved institutions as illegal but later accepted the globally booming market of crypto-currencies. “The… Continue Reading »
Bitcoin surges above $3K to record, more than tripling this year while ‘bitcoin cash’ struggles Courtesy: CNBC News – www.cnbc.com Bitcoin shot above $3,000 to a record high of $3,360.87, more than tripling in value for the year. The gains came despite this week’s split in the digital currency into bitcoin and bitcoin cash. Bitcoin… Continue Reading »
PM Narendra Modi speaks on use of digital currency or cryptocurrency which is an indication towards the beginnings of acceptance and legality of bitcoin and other cryptocurrencies like Ethereum, Litecoin, Monero, ATC Coin etc.