"The dominant of bitcoin is created a new level of competition in cryptocurrency markets. "
"Bitcoin, undoubtedly the most talked about asset class today, has spurted over 1,500 per cent on a year-date-basis so far and over 115 per cent in the past one month."
"A cryptocurrency is a digital currency created and stored electronically. The supply of this currency is not determined by any central bank or authority and the network is completely decentralised."
"Back home, The Reserve Bank of India on Tuesday reiterated its concerns about Bitcoins, stoking fears that a rapidly swelling bubble could burst in a spectacular fashion. "
"The RBI had earlier said those trading in VCs were doing so at their own risk, given that the central bank has not given a licence or authorisation for any company to deal in such cryptocurrencies."
"The Central Bank said it wanted to reinforce its previous message to “users, holders and traders of Virtual Currencies (VCs) including bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with such VCs.”
Thank you all of you.