Rahul Matthan
Now that the technology has been banned and we have driven all who use it underground, bitcoins will be purchased through cash or other untraceable commodities Even though every bitcoin transaction is recorded and open to inspection, no-one knows the person behind the address who made the trade. Recently, the Reserve Bank of India (RBI) prohibited, with immediate effect, all regulated entities from providing services to anyone who deals with or settles any virtual currencies, citing concerns about the risks that these virtual currencies pose in the context of consumer protection, market integrity and money laundering. The true reason behind it is not entirely clear.














