Press Trust of India (PTI), the largest news agency in India, has reported that Income Tax department has conducted inspections at all major bitcoin exchanges across the country.
Novogratz believes that once Bitcoin's market capitalization crosses the US $ 100 billion marks, and the daily trading volume of cryptocurrencies crosses the US $ 5 billion, there will be a sea of investors, both retail and institutional, who will invest serious amounts of fiat into the cryptocurrency market.
Once you decide to buy some bitcoins, a question right away props up how to store that digital currency. The answer is similar to how you store your fiat currency, that is, in a wallet. The difference here is that a ‘Bitcoin wallet' is a digital wallet. A Bitcoin wallet is equivalent to a bank account. It allows you to receive bitcoins, store them, and then send them to others. Basically, it is a software program where Bitcoins are stored.