Tag Archives: RBI

Bitcoin gets the Boot

Naavi.org has been consistently voicing its demand that Bitcoins should be banned in India and instead RBI should consider floating a crypto currency regulated by RBI. At last RBI seems to have taken one decisive step which has been interpreted … Continue reading

Posted in Cyber Law | Tagged , | Leave a comment

Appointment of Chairmen and Directors of Banks is the Weak link that caused PNB fraud

“Where there is Money, there will be Fraud” is a truth which all traditional Bankers know. Hence the essence of Good Banking is building security into the culture of the organization and into its systems. The legacy paper based systems … Continue reading

Posted in Cyber Law | Tagged , , , , , , | 1 Comment

Bitcoin… Of the Criminals, By the Criminals, For the Criminals

Whatever was the technological urge for Mr Satoshi in  creating the block chain technology and Bitcoin is a thing of the past. The present status of Bitcoin is as a currency of the criminals. Many of my friends may hate … Continue reading

Posted in Cyber Law | Tagged , , , , , , , , | Leave a comment

Black Money gets a Boost from SEBI. Mr Thaygi should be removed as SEBI Chairman

  In a surprising but disgusting news report, Mr Ajay Thyagi, the Chairman of SEBI has come up with a public statement that is intended or likely to move the price of Bitcoin in the Exchanges. Contrary to the popular … Continue reading

Posted in Cyber Law | Tagged , , , , | Leave a comment

We have taken a vow to eliminate Black Money in India and this has to extend to Bitcoins too..

A good news is flowing through the media about Bitcoins. It is that according to news reports,  “A Government Committee has recommended that all Crypto Currency Exchanges” in India are set to be closed. Business Today says ” Crypto Currency … Continue reading

Posted in Cyber Law | Tagged , | Leave a comment

RBI and ECGC should consider trade remittances to Hong Kong as Highly Risky

  OPEN LETTER TO RBI AND ECGC To Reserve Bank of India Exchange Control Department Mumbai and ECGC of India Mumbai Sub: Increasing Hong Kong Risk for Importers and Exporters from India Dear Sir I have recently come across two … Continue reading

Posted in Bank, Cyber Crime, ITA 2008, RBI | Tagged , , , , | Leave a comment