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The Reserve Bank of India (RBI) has a group looking into cryptocurrencies as legal tender, a senior official said, but emphasised the central bank's discomfort with bitcoin which has recently come under intense global regulatory scrutiny
The finance ministry on Friday cautioned investors about the risks of trading in cryptocurrencies such as bitcoin, saying digital currency investments are like "Ponzi schemes."
India's capital market regulator is talking with the government and central bank about how to regulate cryptocurrencies.
Cryptocurrencies live in a volatile, roller-coaster world, which Facebook is seeking to change with its new Libra digital money.
Facebook Inc is banning ads on its social network that promote cryptocurrencies, initial coin offerings and binary options, saying they’re “frequently associated with misleading or deceptive promotional practices”.
North Korean hackers are hijacking computers to mine cryptocurrencies as the regime in Pyongyang widens its hunt for cash under tougher international sanctions.
Mexico's finance ministry and central bank warned on Wednesday of the risks associated with cryptocurrencies and investment schemes known as initial coin offerings.
While Facebook’s planned global digital coin Libra faces tough opposition from regulators in Washington, analysts say cryptocurrencies are likely to charge on in other countries, possibly leaving America behind.
Canaan Creative, the world’s second biggest maker of bitcoin mining machines, has cut prices on all of its models to as low as US$200 a rig Vendors slack off their days at Shenzhen’s Huaqiangbei electronics market
Slow transactions, exorbitant energy usage and the looming threat of regulations have all raised doubts about the future of the world's most prolific cryptocurrency.