Search Results for: bitcoin

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 →

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 →

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 →

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 →

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 →