Though the banks have 'prohibited' their customers from dealing in crypto assets, experts believe there is no reason for investors to get jittery.

Today, the Reserve Bank of India released a statement directing all regulated entities, including banks, to stop dealing with individuals and businesses dabbling in virtual currencies. This amounts to a ban on banks in dealing with companies or individuals that trade in cryptocurrencies.

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

India is in an IPO rush and this fiscal will close at Rs 82,500 cr of IPOs; Government has begun a crackdown on bitcoins and crypto currencies. Banks have started asking platforms such as Zebpay, Coinsecure, etc to close their current accounts and the government has informed Lok Sabha that 31 fugitive economic offenders have run away with Rs 40,000 crore. BusinessToday.in Editor Rajeev Dubey explains on The Good, The Bad and The Ugly.

This is another step towards making good Finance Minister Arun Jaitley's promise of a comprehensive central legislation to deal with the menace of illicit deposit-taking schemes made in his Budget Speech two years ago.

During the Union Budget 2018 speech, Finance Minister Arun Jaitley also made it quite evident that cryptocurrency is considered illegal by the government.

This move follows the extensive survey operations conducted by tax sleuths at cryprocurrency exchanges across the country last December under provisions of Income Tax Act.

The buoyant cryptocurrency, whose meteoric rise to $19,000 mark in December took the Bitcoin frenzy to another level, has now fallen over 33 per cent to $7,000

This crash comes six weeks after Bitcoin hit USD 19,511.

We suggest tweaks in your financial plan to maximise savings.

After touching a record high of $19,000 in December 2017, Bitcoin has crashed to $8000 this week amid fear of global regulatory clampdown.

The I-T Department had conducted survey operations at bitcoin exchanges across India in December last year to ascertain the identity of traders and investors, transactions between them, bank accounts used for this, among others.

Since the beginning of 2018, crypto-currencies are on adownward slope. According to a report by Bloomberg, the entire digital currencyhas lost 30 per cent in value in January alone.