The attackers tortured Abdul Shakoor till he fell unconscious and left the body at the emergency ward of a private hospital here on Thursday night before fleeing. They were arrested on Friday, the officer said.
There's bad news for people who deal in cryptocurrencies in India. Buying and selling cryptocurrencies in India may soon be illegal as a government committee has made that recommendation.
An inter-ministerial committee has recommended banning cryptocurrencies in India along with imposition of fines and penalties on activities linked with private virtual currencies in the country.
The US leads in the volume of tweets referencing Bitcoin and "Libra" digital coin that is expected to come in 2020, revealed crypto-trading platform The TIE in a series of tweets.
The main accused had allegedly collected nearly Rs 52 crore from about 1,200 depositors across the country. There were about 250 depositors from Telangana and other southern states who had deposited Rs 10 crore, the police said.
He is also facing a case of allegedly extorting money from a builder.
Additional sessions judge P G Tamakuwala declared Kotadiya a "proclaimed offender" (absconder) under section 82 of the Code of Criminal Procedure (CrPC ).
South Korea has seen a craze over bitcoin and other cryptocurrencies, prompting authorities to try to rein in speculative investment this year by tightening regulations.
Cops also conducted raid at the official premises of the accused and seized 56 laptops, cell phones and fake documents along with cryptocurrency coins.
It may be recalled that Finance Minister (FM) Arun Jaitley in February said that all crypto currencies, which include bitcoins, are illegal and the government will take all measures to eliminate their use.
The apex court, which was hearing pleas seeking direction to the Centre to take emergent steps to restrain the sale and purchase of illegal cryptocurrencies or virtual currency like Bitcoins.
An interdepartmental group has been constituted to study and provide guidance on the “desirability and feasibility” to introduce a “central bank digital currency” and will submit its report by June.
In January, the prices of cryptocurrency were nearing $20,000, but its value dropped to as low as $5,921 on Tuesday.
As per reports, these purchases will no longer qualify for earning credit card points as well.
Finance Minister Arun Jaitley, in his Budget speech yesterday, had said that all types of crypto currencies, including bitcoins, are illegal and the government will take all measures to eliminate their use.
"Cryptocurrencies are not legal tender and the government discourages its use. However, the government will look at the utilisation of Blockchain (a distributed digital technology that supports crypto currencies)," Jaitley said.
In an era of major data leaks like Panama papers (2016) and Paradise papers (2017), India's high net worth individuals (HNIs) have been flooded with new options to hide their money away from prying eyes of the general public.
The Coincheck exchange said on its website that it had halted sales and withdrawals of a cryptocurrency called NEM.
Sigal Mandelker, the Treasury undersecretary for terrorism and financial intelligence, said Friday that more needs to be done to prevent money laundering and other criminal activities using such transactions.
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