Author Archives: Vijayashankar Na

About Vijayashankar Na

Naavi is a veteran Cyber Law specialist in India and is presently working from Bangalore as an Information Assurance Consultant. Pioneered concepts such as ITA 2008 compliance, Naavi is also the founder of Cyber Law College, a virtual Cyber Law Education institution. He now has been focusing on the projects such as Secure Digital India and Cyber Insurance

Bitcoin in India.. Raid to force regulatory Clarity

Posted on December 28, 2013 by Vijayashankar Na

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 →

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Enforcement Directorate conducts Raids on Bitcoin Operator in Ahmedabad

Posted on December 27, 2013 by Vijayashankar Na

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

Posted on December 27, 2013 by Vijayashankar Na

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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Cyber Law Developments in 2013

Posted on December 26, 2013 by Vijayashankar Na

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

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RBI issues Advisory on Bitcoin

Posted on December 24, 2013 by Vijayashankar Na

After a long wait, RBI finally came out with a caution advise on “Virtual Currency” with specific reference to Bitcoins. Copy of the Advisory is here RBI has conveyed caution on the potential financial, operational, legal, customer protection and security … Continue reading →

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TV Anchor robbed of his Bitcoins right on the show

Posted on December 24, 2013 by Vijayashankar Na

In an amusing real life story that provides an interesting lesson in information security, a Bloomberg TV anchor found that his $20 worth Bitcoin holding was stolen by a viewer when the anchor displayed his private key on the show. … Continue reading →

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