Business Standard

Tuesday, January 07, 2025 | 07:33 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Cryptocurrency exchanges will go live soon. Are you ready to invest?

Extreme volatility means they should form only a limited portion of your portfolio

Cryptocurrency
Premium

Sanjay Kumar Singh New Delhi
With the Supreme Court overturning the Reserve Bank of India's (RBI) April 6, 2018 circular on cryptocurrencies, investors in this asset class would be quite thrilled. 
 
Through the circular, the central bank had banned banks from providing services to cryptocurrency exchanges. Since investors could not transfer money from their bank accounts to a cryptocurrency exchange or get their money back from them, the decision had sounded the death knell of the industry. No wonder, there is significant enrhusiasm after the judgment and players are once again preparing to launch exchanges and peer-to-peer (P2P) platforms.  

Aftermath of the ban: Some exchanges

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in