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

Effect of Bitcoins on floating currency

Posted on January 2, 2014 by Vijayashankar Na

While RBI is trying to formulate regulations for the Bitcoin, it is time to start thinking of the benefits of India formally recognizing the Bitcoin as a currency of exchange. According to coinmarketcap.com, the total market capitalization of Bitcoins today … Continue reading →

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Government Sops in India and Bitcoins

Posted on January 2, 2014 by Vijayashankar Na

One of the arguments of Bitcoin community is that the fiat currencies which carry the backing of a Government are being produced without any consideration to the inflationary aspects. After the de-linking of the Gold standard, the supply of fiat … Continue reading →

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Electronic Frauds in Banks.. New guidelines to benefit Customers

Posted on January 1, 2014 by Vijayashankar Na

The year 2014 has started with some good news for Bank fraud vicitms. According to today’s Economic Times, it is stated that the new code released by the Banking Codes and Standards Board of India (BCSBI) states that “Customers will … Continue reading →

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Income Tax Considerations in Bitcoins

Posted on January 1, 2014 by Vijayashankar Na

One of the doubts that the Bitcoin community in India face is its taxability. They wonder how will the Income Tax department treat Bitcoin transactions for tax purpose. While it is the prerogative of the Income Tax department to interpret … Continue reading →

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Year 2013 in retrospect

Posted on December 31, 2013 by Vijayashankar Na

The year 2013 ended with an intense debate on Bitcoins the virtual currency system that caused lot of ripples in the market. over the last one month, Naavi.org has been full of discussions on Bitcoin to the extent that discussions … Continue reading →

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Addressing the concerns of RBI on Bitcoins

Posted on December 31, 2013 by Vijayashankar Na

The RBI advisory of 24th December 2013 has set an agenda for the Bitcoin community as to the future of Bitcoin industry in India. The advisory was fine as far as the public was concerned since it was the duty of … Continue reading →

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