A Sebi panel on cryptocurrencies has concluded that it may be crucial to regulate bitcoin transactions to ensure that India’s public issue norms are not breached. Photo: BloombergMumbai: India’s market regulator is planning a framework to regulate the country’s bitcoin market, said three persons with direct knowledge of the matter. Zebpay Bitcoin India is one of the well-known Android apps that enables transactions in bitcoins. After linking a bank account to any mobile app or website, the cryptocurrency market enables any individual to create a cryptocurrency wallet and earn or pay any entity digitally. The total market cap of cryptocurrencies stood at $127.61 billion globally as on Saturday, 23 September, with bitcoin alone commanding a market cap of $61.68 billion.

Source: Mint September 28, 2017 01:07 UTC