The report comes amid a tightening of norms surrounding the cryptocurrencies in India
For entities which are already providing such services, three months time has been given to them to cease such activity, the plea said
RBI directive proved opportune for a lot of traders who used dip in bitcoin and other virtual currency prices to their advantage by buying even more and holding it in their private wallets rather
Instead of emulating China, the RBI could have looked at Japan, Germany, Korea, Australia and Singapore
Barclays based its findings on a model that compared crypto-hysteria to "the spread of an infectious disease" through a population of investors
Cryptocurrencies are a new, powerful innovation that can create significant inflection points for humanity, says Anthony Pompliano
They could request friends or family members abroad to sell them, or sell to another investor abroad at a small discount
The EU has also stepped up efforts to make itself more attractive as a location for fintech firms
The rules can vary wildly by country, given a lack of global coordination among authorities
A growing number of crypto startups are adding former regulators and other government authorities to their payrolls
After launching a campaign last year, authorities eliminated most cryptocurrency trading in the country
The Indian government has formed a committee to suggest a framework for regulating these virtual currencies and to understand their current structure and legal implications
Slump in prices this week means market value of cryptocurrencies down to $385 bn, less than half the high it reached in Jan
Here's a quick rundown on famous mavens and slang terms that define the phenomenon
A 3-part series looks at how the cryptocurrency players are dealing with the all-round clampdown on a system that's in no-man's land
The income tax department has also inquired whether the users have brought or sold cryptocurrency from websites registered outside the country
The blockchain ecosystem - the decentralized "distributed ledgers" that track crypto transactions - is also vulnerable
The hackers have reportedly moved the money to Bittrex -- a virtual currency exchange
Said digital tokens tend to be used as method for money laundering and terrorism funding
This could help lure people back into using an official system that combines some of the benefits of both traditional and cryptocurrencies