Deal may result in Jio piloting a cryptocurrency that can be used for discounts or reward points within its telecom, entertainment and e-commerce spaces once regulatory hurdles are cleared
Dorsey has also hired Bitcoin developers for his payments company, Square
Until there is clarity about the type and extent of economic recovery, cryptos will also do well
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