Some of the Indian exchanges have launched crypto to crypto pairing options.

RBI notification is one among many reasons for this tough phase in MTCX.

Bitcoin rallied 25 per cent in April after crashing 70 per cent from a high near USD 20,000 late last year.

Cryptocurrencies threaten payments providers who charge a commission of up to 7.2 per cent.

Government is the final authority to frame rules and law to regulate these virtual currencies.

Government and the central bank have previously cautioned the public on cryptocurrencies.

Virtual currencies raise concerns of consumer protection, market integrity and money laundering.

Dash cryptocurrency is a two-tier altcoin, an alternative cryptocurrency to Bitcoin.

Crypto ‘mining’ is far safer option.

A panel set by the government to look into issues relating to cryptocurrencies is expected to submit its report in the current fiscal year.