Indian benchmark indices end higher on Thursday, cautions users of virtual currencies
It is the second consecutive day that the market has ended higher but failed to hold on to the day's high at the close of business largely due to profit booking in auto, infra and HDFC Group stocks, media reported.
The market is also waiting cautiously for the Reserve Bank of India (RBI) policy meet next week and the corporate earnings, media reported.
The RBI, in December 2013, had cautioned the users, holders and traders of Virtual Currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks.
On Wednesday, the apex bank reiterated its stand and said that it has not given any licence / authorisation to any entity / company to operate such schemes or deal with Bitcoin or any virtual currency. As such, any user, holder, investor, trader, etc. dealing with Virtual Currencies will be doing so at their own risk, the RBI said in its release.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
