Enforcement Directorate summons Raj Kundra, husband of actress Shilpa Shetty in Bitcoin scam case.
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.
Bitcoins or such crypto-currencies are not legal tender and those indulging in such transactions are doing it at their own risk, Finance Minister Arun Jaitley said today.
Financial sector watchdogs and government agencies will soon get into a huddle to prepare a framework to safeguard gullible investors and clamp down on fraudsters, PTI reported.
Various teams of I-T sleuths today visited the premises of nine such exchanges in the country including in Delhi, Bengaluru, Hyderabad, Kochi and Gurugram, since early morning.
Depending on whether they are categorised as business income or capital gains, Bitcoin trading and proceeds from its divestment could attract 20 to 30 per cent tax.
Creation, trading or usage of virtual currencies as a medium for payment are not authorised by any central bank or monetary authority, the RBI said.
The vulnerability in the Microsoft Windows software is exploited by WannaCrypt
cyber scammers have threatened a 30-year-old woman in Jabalpur district to pay up Rs 2 crore in Bitcoins to keep them from uploading her pictures on pornographic websites.
New Delhi: In a rude jolt to growing virtual currency frenzy in India, bitcoins worth crores of rupees held by some Indians have vanished with collapse of Japan-based Mt Gox, which was the world's largest
Coimbatore: RBI on Saturday cautioned people about bitcoins, virtual currency which has risen sharply in value in the past few months, but said any regulation on it would come only after it understood the subject.There