But a cryptocurrency analyst said he was "sceptical" that the justice ministry' proposal would go into force because of strong market resistance.
A survey conducted by the Income Tax Department has revealed that there are six lakh active traders of cryptocurrencies such as Bitcoin in nine digital currency exchanges across India, while 25 lakh people are registered to trade, The Indian Express reported on Thursday.
The news likely caused a price correction of most major cryptocurrencies, including Bitcoin, which is down 2.27 percent in the last 24 hours, and Ethereum, which is down 9.77 percent according to CoinMarketCap.
Cryptocurrency-related stocks and the virtual coin market suffered more heavy losses shortly after the government announced the plan to potentially ban trading of virtual coins.
On Thursday, January 11, 2018, reports from South Korea indicated that some of the nation's authorities are planning a ban on cryptocurrency trading in the country.
Investors and exchanges in South Korea were bracing themselves for what may amount to a government-issued ban on cryptocurrency trading; but conflicting reports from different parts of the government are now surfacing, leaving the global community rocking on its heels.
Under the measure, only real-name bank accounts and matching accounts at cryptocurrency exchanges can be used for deposits and withdrawals, while the issuance of new virtual accounts to cryptocurrency exchanges will be banned. Ripple trimmed its 21% tumble to a 14% drop, while ethereum slumped 5%.
He added that it was a misleading idea that virtual currency trades contribute to the development of blockchain technology.
An unidentified spokesman told the Financial Times: "They asked for some data such as cryptocurrency trading volume, our exchange's sales and whether we are paying corporate tax well".
"The National Tax Service raided our office this week", an official at Coinone told Reuters. The Silk Road's creator, Ross Ulbricht, is now serving a life sentence in prison without parole; it is this side of bitcoin which has earned it a reputation and created an uneasy relationship with regulators the world over.
Google has announced that it is merging its Android Pay and Google Wallet into a new service called Google Pay . If you're a developer interested in adding Google Pay to your product, you can check out more information here.
Forget dropping a six-shot final round lead at the World Golf Championships - HSBC Champions in China late previous year . Johnson joined Stuart Appleby (three times) and Geoff Ogilvy (twice) as the only multiple winners at Kapalua.
Liverpool are also said to be interested in the French starlet in a bid to keep the attacking steel intact at the Anfield. Lemar is valued at £90m by the French club and it remains to be seen which club is willing to match their valuation.
It's very risky to factor in things you don't know anything about. "And my experience with Woody is he's empowering to women ". Dylan reflected on how she made the decision to publish the letter following Allen being awarded the Cecil B.
As of Sunday night, Incognito did not make a public response to Ngakoue's accusation. "I couldn't", Ngakoue said . Ngakoue tweeted . "I'm proud of my African heritage, as are 70% of the other Black players in this league".
His claims: that Google unfairly discriminates against white men whose political views are unpopular with its executives. Damore was sacked in August after his anti-diversity essay, distributed within Google, was made public.
It's been a volatile day for GoPro stock, which was off by 30% before this buyout rumor, giving short-sellers reason to rejoice. GoPro missed sales by 28.3 percent, cut 2018 guidance and announced a workforce reduction of more than 20 percent.
Like the C731 before it, the latest Acer Chromebook 11 comes with an optional touch display and 16GB or 32GB storage options. The first Chromebooks of 2018 are finally out in the form of HP Chromebook 14 G5 and the Chromebook 11 G6.
Germany, as well as France, has "warned against attempts at instrumentalising the domestic conflicts in Iran", said Gabriel. State TV showed tens of thousands of people marching in orchestrated pro-government demonstrations.
Once you have done this, the game will appear in your games library 24 hours before the Closed Beta begins. Microsoft has just announced that PC and Xbox One bound Sea of Thieves is getting an Closed Beta.
These present customers with the usual unlimited calling, SMSes, high-speed data up to a certain limit, and access to Jio apps. Besides, the plan also offers free outgoing and incoming on national roaming calls, and 100 free local + STD SMS per day.
Guptill guides New Zealand to easy win over Pakistan
Ferguson was the pick of the bowlers with three wickets, while Southee and Astle snapped up two wickets apiece. The biggest partnership of Pakistan's innings was for the eighth wicket as Shadab and Hasan put on 70.
Sony Xperia XA2 hands-on
As above, Sony has advised only the XA2 is heading to Australia, though if they change their minds we'll be sure to let you know. Quick charging is also supported to give you hours of power with just minutes of charging (requires Quick Charger UCH12W).
'Roseanne' Reboot Shows A Family 'That Is Divided By Politics'
Gilbert tried to get her TV mom to walk away from the controversy bait by asking if Roseanne was "sure" she wanted to go there. Roseanne Barr apparently thinks that she would make a better president than Oprah Winfrey - or Susan Sarandon for that matter.
Red Cross urgently needs blood donations
Type B negative: The blood type that can be transfused to type B Rh-positive and negative patients. Eligible donors must be in good health, at least 17 years old and weigh at least 115 pounds.