"While KYC compliance is already happening, there is no regulation in place to check any kind of suspicious trading activity,” said Sunil Agarwal, dean, Blockchain programme, TalentSprint.
If you plan to trade, do your research and invest conservatively
Raftaar said that he has been an ardent admirer of the blockchain technology and accepting payment using the same technology is making his dream a reality.
The arrested person has been identified as P. Tamil Selvan (22), pursuing MSc in Psychiatry, and a resident of Revathipuram of Urapakkam in Tamil Naidu.
The RBI had first come out with a circular on the issue in 2018, cautioning people about investing in cryptocurrencies, which do not have any sovereign character.
While the short volatile period has widely been touted as a course correction (one Bitcoin is currently hovering around $37,000 after touching a record high of nearly $60,000 just a couple of weeks ago)
In a new report on tax compliance proposals, the Treasury Department's Office of Tax Analysis estimated that the move will help raise an additional $700 billion in tax revenue over the next 10 years
The $2 million figure was revealed in a larger report on cryptocurrency published by the FTC, it added.
Bitcoin is a form of digital currency that is created and held electronically on a computer.
Sandeep Nailwal, the man behind India Covid-Crypto Relief Fund, said that they will not "do anything which hurts the retail community involved with $SHIB".
When SNL first went live on NBC and was streamed in over 100 countries for the first time ever, the cryptocurrency hovered around 69 cents but as the show was on, the price dropped to 56 cents, a 12 per cent plunge.
The ICT ministry said there have recently been increasing reports of phishing attempts via text messages that lead cryptocurrency users to enter their exchange IDs and passwords on fake websites to steal them and access their accounts.
The company said it aims payments in Signal to be fast, private, and work well on mobile devices.
Both RBI and government are committed to financial stability. We have flagged certain concerns around cryptocurrencies which are being traded in the market. We have flagged certain major concerns to the government
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