According to an official statement, a case was registered in Cyber Police Station, Panchkula under relevant sections of IPC and IT Act, the DGP said.
El Salvador's President has hailed bitcoin as "the fastest growing way to transfer" billions of dollars in remittances and to prevent millions from being lost to intermediaries.
Over the past one month, several financial institutions including ICICI Bank and Paytm Payments Bank have cut ties with crypto exchanges and blocked their ability to accept rupee deposits.
Bitcoin had a roller-coaster day on Wednesday, falling from $45,600 to under $40,000, then climbing back before dropping to $30,017 and up again over $33,000.
At a time when speculations are rife that the government would impose a blanket ban on virtual currencies, the industry is hopeful that India may rather regulate crypto assets.
The proposed law is also likely to penalise bitcoin or any other cryptocurrency holder, in what will be one of the toughest regulations surrounding digital assets globally, say experts.
McAfee, Jimmy Watson and other members of their 'cryptocurrency team' allegedly 'raked in more than USD 13 million from investors they victimized with their fraudulent schemes'.
The Reserve Bank of India (RBI) is concerned that cryptocurrencies may impact financial stability in Asia’s third-largest economy.
While Das did not elaborate further, the central bank had in the past expressed concerns on digital currencies being used for money laundering and terror funding.
Justice G Sri Devi passed this order in the petition filed by Shailesh Kothari with a plea to release him on bail in connection with the case registered against him by the ED on August 17, 2020.
The North is under multiple sets of international sanctions over its banned nuclear weapons and ballistic missile programmes, which have made rapid progress under leader Kim Jong Un.
MoS Finance says current laws inadequate to deal with the subject
The accused opened his office in Connaught Place area in November 2017 and operated like chit fund scheme.
2021 could well be another roller-coaster year like 2017 when the coin saw a similar rally when its value surged sharply, only to crash the next year.
Price interest has been surging on cryptocurrencies in this year. Let’s look at the top 5 crypto currencies and learn more about them