Monthly Archives: December 2013

The Enforcement Directorate officials who have raided on two Bitcoin traders in Ahmedabad have tried to justify their action by stating that “Bitcoin may be used by hawala traders”.  A senior official of the ED is reported to have stated … Continue reading →

Naavi.org has already discussed the legal status of Bitcoin in some of the earlier posts. Here is another informative and systematic appraisal of the Bitcoin’s  legal status by Mr Vipul posted in Center of Internet Society. The views expressed are … Continue reading →

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 →

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