Gold backed virtual-currencies in a post de-monetization India

Gold backed virtual-currencies in a post de-monetization India

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Our ancestors started off with the barter system - something like "I will give you 2 buffaloes in return for 5 shiny new super-sharp axes". Soon they realized that the barter system had too many limitations - everyone didn't want buffaloes, buffaloes were neither divisible (not...

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Website: https://www.finextra.com

Reserve Bank of India won’t regulate virtual currency ...

Reserve Bank of India won't regulate virtual currency Bitcoin, yet [EconomicTimes]

BANGALORE: India's central bank is "watching" Bitcoin, the virtual currency that is gaining popularity among Net users, but has no intention of regulating it right now. The Reserve Bank of India , which has its hands full trying to arrest the slump in the value of the rupee , will first seek to understand Bitcoins...

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Website: http://www.indiabitcoin.com

Alert Bitcoin investors! RBI issues another warning, says ...

Alert Bitcoin investors! RBI issues another warning, says cryptocurrencies have some risks

� BusinessToday.in ���New Delhi���� Last Updated:�December 8, 2017 �|�12:13 IST

Bitcoin breached $12000 mark on Wednesday for the first time ever. The virtual currency has soared more than 1,000 percent since the start of the year. Last Wednesday, it was trading at $9,500. Nothing...

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Website: http://www.businesstoday.in

Related topics : virtual currency and the financial system the case of bitcoin / digital virtual currency and bitcoins / virtual & digital currency and payment systems / virtual currency exchange bitcoin / virtual currency bitcoin

Bitcoins: I-T notices to over 400,000 HNIs across India ...

The trigger for the action is understood to be the huge spike being registered in the value of bitcoins and other virtual currencies in the recent past.

Widening its probe into bitcoin investments and trade, the Income Tax (IT) department is set to issue notices to 400,000 to 500,000 high networth individuals

 

(HNI) across the country who were trading on the exchanges of this unregulated...

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Website: http://www.rediff.com

Related topics : virtual currency exchange bitcoin / virtual currency bitcoin / virtual currency trading india / virtual currency laws in india / virtual currency in india

I-T notices to 4-5 lakh individuals trading in bitcoins ...

I-T notices to 4-5 lakh individuals trading in bitcoins across the country

The taxman had conducted surveys at nine such exchanges last week to check instances of tax evasion.

PTI | Dec 19, 2017, 10:34 IST

Highlights

I-T department is set to issue notices to 4 to 5 lakh high networth individuals across the country who were trading in bitcoins on exchanges

Last week, the department had conducted...

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Date: 2017-12-19 06:43:00
Website: https://timesofindia.indiatimes.com

Related topics : virtual currency exchange bitcoin / virtual currency bitcoin / virtual currency trading india / virtual currency laws in india / virtual currency in india

Forex | 1 BTC to INR | 1 Bitcoin to Indian Rupee exchange ...

INR

BTC Bitcoin exchange rates

Bitcoin is both a cryptocurrency and an electronic payment system:3 invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Bitcoin was introduced on 31 October 2008 to a cryptography mailing list, and released as open-source software in 2009. The identity of Nakamoto remains unknown, though many have claimed to know it....

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Website: http://financeai.com

Bitcoin Trading in India – New way to make money online

Bitcoin trading in India is a new way to make money online. My friend has purchased Bitcoin (BTC) online before one year ago, and today by selling it he earned a hefty return of 150%.

Bitcoin is fastest growing digital currency all over. A return given by bitcoin in past one year has flattened all other asset class. However, trading in Bitcoin is a risky affair and not allowed legally in India....

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Date: 2017-12-20 03:30:58
Website: http://moneyexcel.com

Insights into Editorial: Crypto currencies here to stay ...

Today crypto currencies have become a global phenomenon known to most people. While still somehow geeky and not understood by most people, banks, governments and many companies are aware of its importance.

Bitcoins were in news recently after a massive global ransom ware attack 'WannaCry' hit systems in over 100 countries. The cyber criminals demanded a fee of about $300 in crypto-currencies like...

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Date: 2018-01-30 18:37:44
Website: http://www.insightsonindia.com

Is Bitcoin legal - Zebpay | India's Leading Bitcoin Exchange

Nishith Desai Associates is India's leading international law firm. They have published above white paper which concludes that bitcoin is legal in India.

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The CIS is India's leading Internet organization. CIS helped Internet remain neutral in India in the 2015 net neutrality fight. They have published a research post on their website which also states that bitcoin is not illegal under any...

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Website: zebpay.com

Is Bitcoin trading illegal in India? Probe agencies agree ...

Is Bitcoin trading illegal in India? Probe agencies agree, users disagree

This could be an interesting case for the Enforcement Directorate (ED), the Reserve Bank of India (RBI) and the Income Tax Department to solve this year.

A + A -

Bitcoin

This could be an interesting case for the Enforcement Directorate (ED), the Reserve Bank of India (RBI) and the Income Tax Department to solve this...

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Website: http://indiatoday.intoday.in

Sebi to regulate Bitcoin-inspired illicit investment schemes

Sebi to regulate Bitcoin-inspired illicit investment schemes

(Picture for Representation) , Thinkstock

PTI

Updated: Dec 17, 2017, 08:04 PM IST

Market watchdog Sebi will come down heavily on illicit 'initial coin offers' seeking public investments with promise of high returns from Bitcoins and other virtual currencies, amid a mushrooming of such schemes in the absence of any regulatory...

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Website: http://www.dnaindia.com

Related topics : virtual currency exchange bitcoin / digital virtual currency and bitcoins / virtual currency bitcoin / bitcoin investment return / virtual currency trading india

How to buy Bitcoin in India : Best Exchange and Trading ...

Global

How to buy Bitcoin in India : Best Exchange and Trading Sites !

admin How to buy Bitcoin in India : Best Exchange and Trading Sites ! 2017-12-24T16:37:03+00:00 Bitcoin , Investment , Virtual Currencies 4 Comments

(Last Updated On: December 24, 2017)

If you are looking to the buy bitcoins for trade or invest in bitcoins, then you have landed into the right page. This guide helps you with...

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Website: https://fintrakk.com

Reserve Bank of India - Press Releases

The Reserve Bank of India has today cautioned the users, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to.

The Reserve Bank has mentioned that it has been looking at the developments relating to certain electronic records claimed to be...

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Website: https://www.rbi.org.in

Related topics : digital virtual currency and bitcoins / virtual currency exchange bitcoin / bitcoin peering electronic payment system / virtual currency bitcoin / virtual & digital currency and payment systems

what are bitcoins and where do you get them | Bitcoin ...

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We are your source for complete information and resources for what are bitcoins and where do you get them.

S. dollar or other fiat currencies, but it's doubtful they'll be competitive with gold. Do you want me to predict the Bitcoin price for the next several months? In any case, any bitcoin generated will probably change hands dozens of time as a medium of exchange, so...

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Date: 2017-12-09 00:37:04
Website: https://bitcoin-investment.s3.amazonaws.com