Bitcoin has soared about 17-fold this year as people rushed to buy the digital currency in the hope it will become an alternative to gold or traditional money. Virtual currencies do not have a legal status in India and the central bank has cautioned citizens from buying or transacting in them. It said in a 5 December statement that it had not permitted cryptocurrency exchanges from operating in Asia’s third-largest economy.
The survey is for gathering evidence to establish the identity of investors and traders, their transactions and related bank accounts used, Press Trust of India reported earlier today without saying where it got the information from.
