In a press release by India's central bank, the Reserve Bank of India, Dogecoins were acknowledged as a legitimate virtual currency - amongst the likes of competitors such as Bitcoin and Litecoin. Dogecoin is currently valued at around $0.00000062 USD.

In related news, Dogecoin has suffered its first hacking incident after online wallet service Dogewallet saw an estimated 21 million Dogecoins (~$13,000) belonging to its users snatched by a hacker.