BACC's statement comes days after the government listed for introduction in Parliament a bill to ban all private cryptocurrencies, with some exceptions
The government will allow only certain cryptocurrencies to promote the underlying technology and its uses, according to a legislative agenda released late on Tuesday
The discussions come as authorities race to finalize a bill Prime Minister Narendra Modi's government wants to present to parliament in the session starting Nov. 29.
The Bill 'seeks to prohibit all private cryptocurrencies in India however, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses'
A progressive regulatory framework will create a prosperous crypto ecosystem and expand financial inclusion in the country in a secure, simple, and transparent manner
The billionaire shared some screen grabs which claimed that he has made tons of money using a cryptocurrency investment platform
The Bitcoin scandal blame game touched a new low in the state among Karnataka politicians as leading of ruling BJP and opposition Congress indulged in personal attacks
Some analysts say a sharp pullback is normal after prices skyrocketed 40% in October
According to UK researcher CryptoCompare, Binance's spot cryptocurrency trading volumes totalled $789 bn in Sept and $454 bn in July
Bitcoin fell to a one-month low on Friday and was headed for its worst week in six months
Senior Congress leader Siddaramaiah hit back at the ruling party accusing it of trying to hide its "corruption" and attempting to get personal to pursue "dirty agenda" in politics.
The party once again demanded a judicial probe by a sitting judge
India is likely to bar the use of cryptocurrencies for transactions or making payments, but allow them to be held as assets like gold, shares or bonds
Global crypto market cap has dropped some 10 % in the past 24 hours, according to CoinGecko.
Bitcoin, the largest digital token, was down 4% at about $61,400 as of 1:32 p.m. in Singapore. Second-ranked Ether slid as much as 6.8%.
Bitcoin went through a major upgrade on Sunday that enables its blockchain to execute more complex transactions
Considering cryptos' growing popularity among millennials and the sector's employment potential, can India realistically completely ban - or even partially ban - the technology? Let's understand
Karnataka CM Basavaraj Bommai slammed Congress party over alleged bitcoin scam and said that 'issue had become bigger' because the Opposition did not probe matter properly when in power.
BJP on Saturday dismissed the Congress party's allegations on the Bitcoin issue cover-up, saying there was no scam.
The meeting was an outcome of a consultative process between the RBI, finance ministry, and the home ministry