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Your bank will not allow you to buy bitcoins anymore

April J, 2018

Your bank will not allow you to buy bitcoins anymore You will not be able to buy cryptocurrency via banks or e-wallets etc. in India anymore as the Reserve Bank of India (RBI) has banned them with immediate effect from "dealing with or providing services to any individuals or business entities dealing with or settling virtual currencies". RBI, while announcing its first bi-monthly monetary policy for the FY 2018-19, has announced that any entity regulated by them such as banks,…

Tax dept starts probe into Bitcoin exchanges to ascertain rate they can be taxed under

December J, 2017

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Tax Dept starts probe into Bitcoin exchanges to ascertain rate they can be taxed under. The indirect tax department has launched an investigation into Bitcoin exchanges operating in India to ascertain at what rate they can be taxed under the goods and services tax (GST) regime, two people with direct knowledge of the matter said. The development comes as the income tax department launched searches on top Bitcoin exchanges including Zebpay, Unocoin and CoinSecure on Wednesday. According to the…

Bitcoin Price Tripled in Last Year

April J, 2017

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A collection of Bitcoins stand in this arranged photograph in Danbury, U.K., on Thursday, Dec. 10, 2015. Bitcoin, the digital currency, climbed on Wednesday to hit its highest levels since early November, amid fresh speculation that the identity of Satoshi Nakamoto — the virtual currency’s creator — may have finally been revealed. Photographer: Chris Ratcliffe/Bloomberg via Getty Images Bitcoin Price Tripled in Last One Year A collection of Bitcoins stand in this arranged photograph in Danbury, U.K., on Thursday, Dec.…