Monthly Archives: May 2017
Bitcoin Regulation… What the Government needs to do.
This is our response to the Government seeking public comments on Bitcoin regulation: Query 1: Whether Virtual Currencies (VCs) should be banned, regulated or observed? Response: Firstly we would like to say that “Banning” is also “Regulation”. Hence when we say … Continue reading
Confusion on Section 65B (IEA) caused by an erroneous report ?
Today livelaw.in flashed a report stating that the Madurai Bench of the High Court of Madras has reportedly observed that “Primary Evidence of electronic record under Section 62 of Indian Evidence Act would be admissible without compliance of Section 65”. … Continue reading
Layman’s Understanding of Bitcoin
Before the public want to respond to the request for the Government of India for an opinion on regulation of Bitcoins/Virtual currencies, there is need for us to understand clearly the nature of Bitcoins and why it is popular and … Continue reading
Status of Bitcoin…Why our views have changed?
When Bitcoins were first introduced to the undersigned, like many others, I was also impressed by the technology behind Bitcoins or Crypto coins. Many are aware that I was supportive of Bitcoins as a concept. Such persons may be wondering … Continue reading
Government seeks Public Comments on Bitcoin Ban
Department of Economic Affairs, Ministry of Finance has constituted an Inter-Disciplinary Committee chaired by Special secretary (Economic Affairs) and representatives from Department of Economic Affairs, Department of Financial Services, Department of Revenue (CBDT), Ministry of Home Affairs, Ministry of Electronics and … Continue reading
Mann Ki Baat- Let’s us defeat the Ransomware by choking its life line called Bitcoin
This is an open letter to our honourable Prime Minister Mr Narendra Damodar Das Modi, our honourable Finance Minister, Mr Arun Jaitely, our honourable Minister for IT, Mr Ravishankar Prasad, our honourable Minister of Home Mr Rajnath Singh and also … Continue reading