IICA Qualified Independent Director
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Monthly Archives: December 2013
Bitcoin in India..and hawala operations
The Enforcement Directorate officials who have raided on two Bitcoin traders in Ahmedabad have tried to justify their action by stating that “Bitcoin may be used by hawala traders”. A senior official of the ED is reported to have stated … Continue reading
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Another legal perspective on Bitcoin
Naavi.org has already discussed the legal status of Bitcoin in some of the earlier posts. Here is another informative and systematic appraisal of the Bitcoin’s legal status by Mr Vipul posted in Center of Internet Society. The views expressed are … Continue reading
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Bitcoin in India.. Raid to force regulatory Clarity
The raids conducted by the Enforcement Directorate in Ahmedabad on Bitcoin traders appear at first glance to be a blow to the Bitcoin community. Temporarily there will be fear and a suspicion that the Bitcoin bubble has been pricked. Holders … Continue reading
Posted in bitcoin
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Enforcement Directorate conducts Raids on Bitcoin Operator in Ahmedabad
It has been reported that Enforcement Directorate has conducted a raid on one of the Bitcoin service providers in Ahmedabad and investigating the possibilities of any foreign exchange regulations by the customers. More details are available here. Naavi
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RBI Advisory on Bitcoins causes a stir
After RBI released its advisory cautioning the public and Bitcoin intermediaries about the legal and financial risks, it is reported that many Bitcoin intermediaries have suspended their operations. Refer Indian Express Article here The intention of RBI’s advisory was mainly … Continue reading
Posted in bitcoin, ITA 2008
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Cyber Law Developments in 2013
Here is a summary of Cyber Law related developments in India collated by Mr Pavan Duggal, Advocate, Supreme Court of India. Published in Economic Times Naavi
Posted in Cyber Law
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