Officials from 26 central banks, including the U.S. Federal Reserve and the Bank of England, will meet with representatives of Libra in Basel on Monday
Apex court begins final hearing in challenge against RBI ban on dealing in virtual currencies
India, meanwhile, has throughout maintained that cryptocurrencies were illegal and it did not recognise such activities
Libra, which is widely regarded as a challenger to dominant global player Bitcoin, is expected to launch in the first half of 2020
Unlike other cryptocurrencies, stablecoins aim to maintain their worth better by being redeemable for something else of tangible value
Several countries have taken a cautious approach to cryptocurrencies, but few have gone to the extent of dissuading their use like India has done
Cryptocurrency players have reportedly raised concern over police action against them
Here are five stories from the archives that will help readers better understand cryptocurrencies and their dark underbellies
There is a connection between the drug and cryptocurrencies. Cryptos are often used to pay for marijuana (and other drugs) on the Dark Web
The largest crypto-coin advanced 3% to $6,371
Initial coin offerings came out of almost nowhere last year to become one of the most popular ways for start-ups to raise money
The user's computer and electricity do all the work, and the person who wrote the code gets all the proceeds
The April 6 notification barring financial institutions from dealing in virtual currencies can be termed RBI's most retrograde step
The RBI had come out with three specific warnings to discourage the public from investing in the virtual currencies
Soros, speaking at the World Economic Forum in Davos, said digital coins cannot function as actual currencies because of their volatility
This could mean a massive outflow from cryptocurrencies to the dollar by April 15, the deadline for filing taxes this year, the firm said
The move comes after multiple warnings by the RBI and the finance ministry on the non-fiat virtual currencies
SEBI Chairman Ajay Tyagi is a part of the committee formed by the government to examine the pros and cons of virtual currencies
While cryptocurrency technology has the potential to reshape global finance, concerns have been raised about its volatility and the potential for money laundering or other crimes
But even there he sounded a note of caution, arguing that current technology doesn't yet offer the speed required for market transactions