Naavi
IICA Qualified Independent Director
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Search Results for: bank
Bitcoin future is Bullish says Wallstreet
Analysts at Bank of America’s Merrill Lynch wrote a 14 page reserach note to investment clients airing their view that “As a medium of exchange, Bitcoin has clear potential for growth”. (Refer article here) . It is also reported that BTC … Continue reading
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Bitcoin Mining is Power hungry
Bitcoin Mining is an activity where the computer tries to collect reported Bitcoin transactions during a period and bundle them into an electronic document that can be added to the current data base of transactions (i.e.The Block Chain). While adding … Continue reading
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Crypto Coins Due Diligence Framework
Against the belief that China would allow Bitcoin to thrive, news has come that China has now banned financial institutions from transacting in BTC. While full details are not yet known, the regulation may prenvent Banks from buying and holding … Continue reading
Posted in bitcoin, Cyber Law
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Bitcoin Regulation.. Where should the focus be?
We have been watching Bitcoin exchange rates growing exponentially at MtGox attracting the attention of regulators both from the point of view of the possible effect on the monetary controls of the Sovereign States and loss of Tax revenue besides … Continue reading
Posted in bitcoin, Cyber Crime, RBI
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Indian Regulators worried about Money laundering use of Bitcoin
The Indian regulator appear to be concerned with the growing attention of Bitcoin. The increase in the exchange value of the currency to around US$ 1200 appear to be creating panic amongst the regulators without considering the real impact on … Continue reading
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Bitcoin ATM registers $1 million transaction in a month
World’s first Bitcoin ATM in operation in Vancouver is said to have clocked transactions of US$ 1 million in a month. The ATM converts cash into Bitcoins and also pays out cash in physical currency against withdrawals of Bitcoins. The … Continue reading
Posted in bitcoin, Cyber Law
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