Search Results for: bank fraud
Regulate Bitcoins through ITA 2000 notifications under Section 1(4) and 69/69A/69B
India has reportedly completed its diplomatic negotiations and formalities to ensure that Switzerland will automatically share the details of Bank accounts opened by Indian nationals in that country with Indian authorities so that numbered Swiss Bank accounts can no longer … Continue reading
Why we need to defer introduction of AEPS?
The Aadhar based payment system which is meant to capture the biometrics and initiate banking transactions is being pushed for implementation by June 30, 2017. However, we request the authorities not to stand on false egos and try to introduce … Continue reading
The Bug in AEPS is in the biometric devices and BCs and not the UIDAI server… But the effect is same
When Aadhar was in its initial stages, whenever security issues were raised with Mr Nandan Nilekani, he used to assure that Aadhar is not a “Card” but it is only a data base. Information in aadhar database never travels across … Continue reading
Is AEPS a Digital Honey Trap?… Is there an Escape Plan?
In January 2017, an interim report of the NITI Ayog Committee of Chief Ministers on digital payments recommended To ensure wide-scale adoption of AEPS and Aadhaar Pay, banks need to be mandated to complete Aadhaar seeding of all their customers … Continue reading
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
Bring Your own Virus infected Computer and say all computers can be tampered!
The claim of Saurabh Chaudhary that EVMs can be tampered and the demo he ran in the Delhi Assembly is a fraud on the Indian public. Mr Chaudhary brought his own EVM lookalike which had a self introduced code which … Continue reading