The initiative by a Bengaluru-based real estate developer is open to buyers booking properties between September 27 to 29.
WazirX is one of the many companies that have turned to Peer-to-Peer transfers, allowing users to seamlessly buy and sell crypto for rupees directly with each other
The joint inspection by the Financial Services Commission (FSC) and Financial Supervisory Service (FSS) will check if banks are adhering to anti-money laundering rules and using real names for accounts, FSC Chairman Choi Jong-ku told a press conference.
A government panel is looking at ways to fix accountability for transactions done through virtual currencies and whether a separate oversight body needs to be created.
With virtual currency, the internet is fast bringing about change in the financial industry
Global bitcoin expert Andreas M Antonopoulos spoke in length with Moneycontrol News on the philosophy and need of a currency which is decentralized, deregulated and not under the control of any government.
Japanese lawmakers passed a bill late yesterday stipulating that all "virtual currency" exchanges must be regulated by the country's Financial Services Agency.
The government wants bitcoin transactions to be taxable, the Nikkei and Yomiuri newspapers said, but it remains unclear how the authorities could do this, given that one of the attractions of using bitcoins is that transactions are anonymous.
Unlike traditional currencies, where a central bank decides how much money to print based on goals like controlling inflation, no central authority governs the supply of bitcoins. Like other commodities and currencies, its value depends on people's confidence in it.
Bitcoin is being hit by attacks from unknown computer hackers who are sending "mutated" lines of code into the program that runs the virtual currency, a spokeswoman from its main trade organization said in a statement on Tuesday.
Popular China-based mobile handset manufacturer, Huawei Technologies Co. Ltd. have joined hands with Ibibo, India's largest social network to introduce multiplayer gaming on the latter's mobile platform.
Social networking site Facebook will next month introduce a payment system 'Facebook Credits' for Indian users who could spend the virtual currency across various games or applications they use on the popular website.