Extreme volatility means they should form only a limited portion of your portfolio
Doom sentiment in financial markets has hit crypto currencies. Bitcoin fell $1,000 in 15 minutes to trade at $6,000 level
Otherwise, illegal or dubba trading will continue to flourish
Bitcoin, the largest and the first crypto currency, is currently commanding premium of 1.5-2 per cent of its cost on one of the exchanges app which has started permitting crypto trading against paymen
Experts say what will also play on the minds of policymakers is the potential upside of taxing the cryptocurrency trade.
Monitoring of cryptocurrency is a much better option
On Wednesday, Supreme Court set aside RBI's circular which prohibited banks from facilitating transactions in cryptocurrencies
The apex court on Wednesday set aside an RBI circular of 2018 which had prohibited financial sector entities from providing services to any individual or business dealing in virtual currencies.
It is likely that Bitcoin has been used to facilitate enormous capital flight out of India, especially after demonetisation; rupee volume of Bitcoin trades has risen considerably over 12-18 months
Pronouncing the verdict, the three-judge bench of the apex court said the ban was 'disproportionate'
The central banks of Britain, the euro zone, Japan, Canada, Sweden and Switzerland announced a plan to share experiences to look at the case for issuing digital currencies