These are some of the questions the Goldman Sachs analysts answered:Digital exchanges and block trades, and options will be coming soon. While individual investors can trade virtual coins on various online exchanges, institutional traders have largely stayed out of the cryptocurrency market due to its relatively small size, structure of mandates and volatility . In the US, the Internal Revenue Service has ruled that virtual currency does not have legal tender status in any jurisdiction. For tax purposes, the IRS treats virtual currency as property.A platform first, and a cryptocurrency second. The rise of ethereum has not come without setbacks, including the $60 million hack of a venture capital-like organization called "The DAO.

Source: Economic Times August 09, 2017 17:15 UTC