MUMBAI: Even as governments across the world are undecided on how to regulate crypto currencies, Pundi X, an Indonesian origin company is planning to launch a point of sale terminal network which will help people buy and sell these currencies over the counter. "The network will allow the conversion of crypto currencies into fiat currency, in the short term till crypto currencies are accepted globally. The Indonesian central bank was the latest to warn against trading in crypto currencies. "Owning virtual currencies is very risky and inherently speculative. The company lists Japan, Estonia, Singapore and Gibraltar as countries that are creating the necessary regulation for such currencies to function.

Source: Economic Times January 16, 2018 04:27 UTC