The move opens the door to added regulation but also more mainstream adoption, as bitcoin futures and other derivatives would make it easier to trade the new asset class
One bitcoin is now valued at $11,875 as in the past one month, riding on a bull rally in the virtual currency
The virtual currency's price has run up very fast and experts feel a correction may be around the corner
The RBI also clarified that it has not given any licence or authorisation to any entity or company to operate schemes or deal with Bitcoin or any other VC
With debate over its bubble status still raging, the flagship cryptocurrency continued its march higher on Monday, solidifying above $11,000
By 1310 GMT on Monday, bitcoin had slipped back to around $10,919, down 2 percent on the day
British finance ministry said it expected negotiations over changes to the EU rules would conclude later this year or in early 2018
'Venezuela will create a cryptocurrency, backed by oil, gas, gold and diamond reserves,' Maduro said
Bitcoin has since become the preferred currency not only of libertarians and speculators, but also of criminal hackers
Ban on trading is impossible to enforce
The moves are a watershed for Wall Street professionals who've been eager to bet on cryptocurrencies
It has been a volatile week for the biggest and best-known cryptocurrency
One reason for the up move continuing going ahead, Wood cites in his weekly note GREED & fear, is that the retail participation has just started to kick in
Bitcoin over Thanksgiving weekend has seen major surge with a single unit being traded at more than $10,000