Blockchain analytics company Coinfirm noted that scams and fraud account for two thirds of the funds misappropriated.
The autonomous region has been under pressure to curb its energy consumption.
A CBDC could promote financial inclusion but also poses a risk of harming the banking system, the RBI said in a report.
Traders are betting on the “smart-contract” blockchain, which aims to compete with market leader Ethereum, even though it doesn’t yet have smart-contract functionality.
New York Attorney General Letitia James issued an alert to cryptocurrency investors and a strongly worded warning to industry participants.
Bitcoin started March nicely but whether it can match its previous winning streak is yet to be seen.
The largest cryptocurrency was up more than 8% Monday, rebounding after its worst seven-day stretch since the coronavirus sell-off in March 2020.
The exchange’s owner is also planning a reverse takeover with the aim of listing on TSX Ventures.
MicroStrategy has bought another 328 bitcoin, bringing its total to 90,859 BTC.
Looking forward, a Citi report suggests bitcoin could “become the currency of choice for international trade.”