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The transactions were detailed in an indictment from the Justice Department
The cryptocurrency is volatile, costly to store, hard to use and deflationary
On Tuesday, the rupee ended lower by 10 paise to close at 68.82 against the US currency due to fresh buying of the dollar by importers after the greenback rebounded in global markets
As the deadline approached, people sold their holdings in large enough volumes on Koinex that it resulted in a huge drop in prices for bitcoins, ethereum, and ripple, among other virtual currencies
NCLT added that the board is competent to remove its chairman and it does not require a selection committee
Cryptocurrency trade in rupees will stop from midnight, while exchanges or cryptocurrency companies will now be unable to avail loans or hold bank accounts
BJP spokesperson Anil Baluni said the allegation of the Congress were laughable
Even though exchanges may not be able to do banking transactions, there are alternative ways to buy and sell
Dipak Misra, said the RBI's directive prohibiting banks, financial institutions from providing any services related to virtual currencies will remain implemented