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Monthly Archives: December 2013
Year 2013 in retrospect
The year 2013 ended with an intense debate on Bitcoins the virtual currency system that caused lot of ripples in the market. over the last one month, Naavi.org has been full of discussions on Bitcoin to the extent that discussions … Continue reading
Posted in bitcoin, Cyber Crime, Cyber Law, ITA 2008
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Addressing the concerns of RBI on Bitcoins
The RBI advisory of 24th December 2013 has set an agenda for the Bitcoin community as to the future of Bitcoin industry in India. The advisory was fine as far as the public was concerned since it was the duty of … Continue reading
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Dy Governor of RBI Clarifies on Bitcoins
Dr K.C.Chakaravarthy, Dy Governor of RBI has always been pragmatic when it comes to security issues in the Bank. He has also been always pro-customer minded when dealing with Banking issues. True to his reputation, he has come up with … Continue reading
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The Impact of RBI Advisory on Bitcoins in India
On the 24th of December 2013, RBI gave an advisory on Bitcoins. Copy of the advisory can be found here. The caution was meant for the users, holders and traders of Virtual Coins (VCs) including Bitcoins, about the potential financial, … Continue reading
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Bitcoin is a Human Rights Issue
Bitcoin is a unique concept of an instrument that can be used for settlement of consideration between persons who form part of a digital community. It was developed as a peer to peer payment settlement system in the Internet world. … Continue reading
US $1.4 trillion Indian Black money is in Swiss Banks..without the assistance of Bitcoins
According to wikipedia, the total black money of Indians in the Swiss Banks is around US $ 1.2 Trillion. Seen in this context, the Enforcement Directorate accusing the Bitcoin system as a tool of hawala appears a joke. At present … Continue reading
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