The US Commodity Futures and Trading Commission (CFTC) on Monday sued leading blockchain and cryptocurrency platform Binance for allegedly breaking trading and derivatives rules, media reports said.
At 10.05 am, Sensex and Nifty traded in the 0.8-0.9 per cent range.
Prior to last Thursday, the benchmark indices - Sensex and Nifty - fell for two sessions on the likelihood of aggressive rate hikes in the US to fight inflation as indicated by the US Federal Reserve.
This link will divert capital from Singapore to India through Gift, which is being positioned by the Indian government as a worldwide tech and monetary administrations center point.
The Nifty50 was trading at 15,622.85, lower by 123.60 points or 0.78 per cent from its previous close
According to the April 6, 2018 circular, the entities regulated by the RBI were prohibited from 'providing any service in relation to virtual currencies including those of transfer or receipt of money in accounts relating to the purchase or sale of virtual currencies'.
Besides, poor auto sales figures and a dip in the GST collection, indicative of slowdown in consumption, resulted in low participation in the markets. However, Sensex managed to end 130 points or 0.33 per cent higher at 39,816.48, with most gain coming during the final hour of the trade.
At the National Stock Exchange (NSE), the broader Nifty 50, which had closed at 11,847.55 points on Wednesday, was quoting at 11,873.15 points, up by 25.60 points or 0.22 per cent.
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