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Cryptocurrencies are highly volatile asset and therefore one needs to keep in mind the following points before jumping on the bandwagon
Elon Musk said that Tesla sold about 10% of its holdings to confirm that Bitcoin could be liquidated easily without moving the market
Cryptocurrency trading platforms need to take all possible precautions not to breach any legal requirements
The Basel Committee on Banking Supervision stated the banking industry faces increased risks from cryptoassets
Experts see the correction as a healthy dip before Bitcoin prices start rising again leading to new all-time highs this year
The agency initiated FEMA investigation on the basis of the ongoing money-laundering investigation into Chinese-owned illegal online betting app
According to Reuters U.S.-based Kraken, Hong Kong-based Bitfinex and KuCoin are actively looking for ways to enter into the Indian market
The digital currency can be used in any transaction and any business will have to accept payment in Bitcoin
El Salvador has voted to grant favourable opinion toward the bill that makes Bitcoin legal tender, receiving 60 out 84 votes
Many countries such as the US, the UK and Singapore have clear and dedicated laws on crypto assets and currencies. These can be used by India as reference points