Search Results for: bank

Dr K.C.Chakaravarthy, Dy Governor of RBI has always been pragmatic when it comes to security issues in the Bank. He has also been always pro-customer minded when dealing with Banking issues. True to his reputation, he has come up with … Continue reading →

On the 24th of December 2013, RBI gave an advisory  on Bitcoins. Copy of the advisory can be found here. The caution was meant for the users, holders and traders of Virtual Coins (VCs) including Bitcoins, about the potential financial, … Continue reading →

Bitcoin is a unique concept of an instrument that can be used for settlement of consideration between persons who form part of a digital community. It was developed as a peer to peer payment settlement system in the Internet world. … Continue reading →

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 →

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 →