We also look at the regulations, cyber threats and taxation of crypto-currencies. Last heard, the RBI is aiming to regulate crypto-currencies by 2017,” said Mohit Kalra, chief executive officer and founder, Coinsecure, a Delhi-based bitcoin exchange and trading platform. In August, Reuters reported that hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex, and stole about $70 million worth of the virtual currency. “Users have to take care of their digital wallets,” said Mupparaju Sivakameswara Rao, chief executive officer, BTCXIndia, a Hyderabad-based bitcoin exchange platform. “The person who invests in bitcoins shall be subject to capital gains tax,” said Sandeep Goenka, co-founder, Zebpay, an app-enabled bitcoin exchange.

Source: Mint September 26, 2016 11:03 UTC