Daily Archives: December 27, 2013

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

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