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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

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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

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Bitcoin Vs Counter Cyber Financial Terrorism… Which side will the NDA Government take?

Bitcoin supporters are now in a PR thrust mode trying to lobby with the Media and bring influence on the Modi Government for a favourable dispensation including some kind of recognition for Bitcoin. According to this story “India is preparing Bitcoin … Continue reading

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Courts are the last resort for Justice seekers…

For those who know how the Judicial system functions, it is needless to say that it is always a pain to pursue justice through normal Courts. We are tired of the saying “God sees the truth but waits”. Many would … Continue reading

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RBI and Government should not drift in deciding about Bitcoin regulation

Bitcoins are internationally exchangeable into foreign currency of different countries and to some extent even in India. Hence at a time when the Government may be trying to force foreign Governments to share information on Benami Bank accounts in foreign … Continue reading

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“Aggregator” defined in Motor Vehicles Act..ITA 2000/8 compliance mandated

The Motor Vehicles Amendment Bill 2016 which seeks to bring in many changes to the current Motor Vehicles Act has been approved by the Cabinet according to a report. (Refer here) The Bill is yet to be passed into an … Continue reading

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