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Why bitcoin should not be allowed | Business Line

Compelling arguments have been made to justify the existence and use of bitcoin. The currency has caught on in a number of countries to the extent that there are indicative exchange rates for bitcoin in almost all currencies in the market.

However, for a nation that has launched an outright war against black money, which could also have meant compromising growth in the short run through...

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Date: 2018-01-29 18:51:22

Related topics : bitcoin currency used in which country / using bitcoin for currency exchange / bitcoin price exchange rate / bitcoin exchange rate today / bitcoin india exchange rate

Digital currency for a cashless India | Business Line

My sympathies. Thankfully, I was spared (well, almost) courtesy cashless payment systems. Mind you, one of the reported motives behind the Modi government's mammoth demonetisation exercise is to encourage people to move to a cashless world.

To be frank, I don't like plastic payments much, though.

Plastic, again, is not the future. Digital is.

You mean Bitcoin?

Well, that was just the first...

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Related topics : digital currency system for india / digital currency business in india / digital currency in india / digital currency payment system / digital currency like bitcoin

Cryptocurrencies are a Ponzi scheme, warns FinMin ...

The spurt in the prices of Bitcoin and other cryptocurrencies seems to have rung an alarm bell, with the Finance Ministry expressing concern and likening them to Ponzi schemes.

An official statement issued on Friday cautioned against investing in them. Noting the "phenomenal increase" in the price of virtual currencies (VCs), including Bitcoin, in India and globally, it said, "VCs don't have any...

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Date: 2018-01-30 17:31:42

Related topics : bitcoin digital currency price / bitcoin india price / bitcoin trading price / bitcoin price exchange / bitcoin price