The Reserve Bank of India has maintained that any policy decision on the matter of cryptocurrencies lies within the purview of Central government.

Nasscom president Debjani Ghosh asked players to obey the law and seek clarification from the government if they are unhappy with it.

On Tuesday, a man who ran India's first bitcoin ATM was apprehended by the police in Bengaluru. The 37-year-old Unocoin Technologies co-founder, Harish BV, was arrested as the police said it was illegal since it was set up without approvals.

The Supreme Court is currently hearing a case between virtual money exchanges and the RBI, and the next hearing on the matter is scheduled for September 17.

PNB scam: Non-bailable warrants issued against Nirav Modi, Mehul Choksi on CBI pleaA special CBI court in Mumbai has issued non-bailable warrants (NBWs) against billionaire diamantaire Nirav Modi and his uncle Mehul Choksi in connection with the cases related to over USD 2 billion banking fraud in the Punjab National Bank. The issuance of NBWs by a court also opens door of seeking Red Corner Notices against both of the accused from the Interpol.Lockheed welcomes India's procuremen...

Regulators hate it, investors love it. The great tussle to find the middle ground for cryptocurrencies...

In 2017, the largest cryptocurrency Bitcoins price rose over 1,300 per cent, and it has been swinging wildly this year, worrying regulatory agencies globally. Nicolas Cary, Co-founder and President of Blockchain, the largest blockchain firm globally, provides the technology that supports storing and transactions of Bitcoins. He spoke to BT's Manu Kaushik over the phone, in the middle of a busy day at his London office.

Bitcoin trading has already crossed $19000. It has generated enormous interest among people in terms of making money. Unocoin Vice President Naveen CT talks to Rajeev Dubey, Editor, BusinessToday.in about Bitcoin and should we trust the Bitcoin exchanges.

While the absence of a regulator is one concern, the another issue is the fact that millions of people have been entering the market with least knowledge on how to secure Bitcoin and other crypto currencies.

Bitcoin which is the first cryptocurrency to hit the market was launched in the year 2009. It was invented by a person or group using the alias Satoshi Nakamoto, after which the US Treasury has categorized it as a decentralized cryptocurrency.

Bitcoin, the oldest and the largest circulated currency, was launched after the subprime mortgage crisis in 2008. To bail out their financial institutions, governments of developed countries printed their currencies in billions.

The development comes at a time when Bitcoin, the oldest and most popular cryptocurrency in the world, is on a roll. The cryptocurrency has seen its value skyrocketing with respect to every major currency on positive global signs.

Bitcoin has been hailed as a revolution in monetary transactions, and a profitable investment, on account of its fast-growing value. It gained popularity due to the same reasons, despite no government authority controlling it.

The PMGKY scheme was launched in December last year by the government to enable people with black money to come clean by paying tax and penalty of 50 per cent. It closed on March 31 this year.

Bengaluru-based bitcoin exchange Unocoin on Thursday announced India's largest Bitcoin partnership with Blockchain, the software platform behind the digital currency.

The path to investing in digital currency is full of pitfalls. Here's why one must be careful while playing the game

The circulation of VCs has been a cause of concern among central bankers the world over for quite a while now. Reserve Bank of India had also cautioned the users, holders and traders of VCs, including bitcoins.

Even as economies like Japan and Russia move to legalize the use of Bitcoins, India, despite being at the cusp of a digital revolution is yet to officially recognize the cryptocurrency.

Experts say the cryptocurrency appeals to those worried about a lack of supply of cash but part of this price buoyancy can also be attributed to market-making initiatives of Indian exchanges.

Connectivity, security, costs and bitcoin usage are among the key issues to be resolved as India moves towards a digitised economy.