Monthly Archives: January 2014

BitQuick.in to launch a Bitcoin exchange in India

Despite the recent doubts raised by RBI’s advisory on Bitcoin, BitQuick.in seems to be challenging RBI by starting an exchange in India. Refer article Though RBI has not come up with a specific guideline and hence it is true that … Continue reading

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Does Nachiket Mor Committee report impress to deceive?

One of the first initiatives that the new RBI Governor Mr Raghuram Rajan took after assuming office a few months back was the formation of the Nachiket Mor committee on “Comprehensive Financial Services for Small Businesses and Low Income Households”. … Continue reading

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Abolition of Personal Income Tax

A discussion has now ensued in India about the possibility of personal income tax being completely abolished if BJP comes to power. This proposal though is in the initial stage of discussion and yet to be adopted into the manifesto … Continue reading

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Laxmi Coin.. The name is a problem

While there is a discussion on one hand about the RBI regulations on Bitcoins, the promoters of Laxmicoin are reported to be waiting for RBI clarifications for launching their Crypto Currency. (See Economic Times) Apart from the controversies surrounding Bitcoins … Continue reading

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Should You invest in Bitcoins?

The press conference conducted in Mumbai by the Bitcoin alliance ended up with the media reporting ”¬†Bitcoins Alliance India advices public to keep off, seeks legal clarity” (Economic Times).¬† Investors need to look at what are the legal and financial … Continue reading

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Is Bitcoin going to survive in the long run?

After the high publicity received during what was termed “Global Bitcoin Conference” in Bangalore on 15th December 2013, it was natural that there should be some cooling down of passions. This happened with the twin actions of RBI releasing an … Continue reading

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