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Search Results for: e banking
Addressing the concerns of RBI on Bitcoins
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
Posted in bitcoin
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Dy Governor of RBI Clarifies on Bitcoins
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
Posted in bitcoin
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Advisory expected from RBI on Bitcoin
With Chinese central bank making official remarks on Bitcoins advising Banks not to acquire BTC as a currency/asset, and the approaching Global Bitcoin Conference in Bangalore on December 14th and 15th, heat is now on RBI to give its own … 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 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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Differentiated Licensing for new Banks open up better prospects.. for litigation?
After RBI received 26 applications for Bank licenses, discussions have been going on on whether it is desirable to issue a large number of licenses or restrict it to a few. Many corporates who perhaps were the favourites of the … Continue reading
Posted in Bank, RBI
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