Selected articles for topic: virtual currency in india
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Companies using Bitcoins, virtual currency in India not ...
There are no regulations governing virtual currencies, including bitcoins, in India at present and the RBI has not given any licence to any entity/company to operate such schemes, Parliament was informed today. In a written reply to the Lok Sabha, Finance Minister Arun Jaitley further said there is evidence that crypto currency/bitcoins are being used in the country and the bitcoin market in India has seen notable growth over the last few years. "At present, there are no regulations governing VCs including Bitcoin (BTC) in India. Further, RBI has advised that it has not given any licence to any...
Reserve Bank of India won’t regulate virtual currency ...
Reserve Bank of India won't regulate virtual currency Bitcoin, yet [EconomicTimes]
BANGALORE: India's central bank is "watching" Bitcoin, the virtual currency that is gaining popularity among Net users, but has no intention of regulating it right now. The Reserve Bank of India , which has its hands full trying to arrest the slump in the value of the rupee , will first seek to understand Bitcoins...
Bitcoin India: Latest Bitcoin India News, Videos
On September 13, 2017 11:59 (IST)
The RBI has been repeatedly cautioning everyone about the usage of cryptocurrencies, flagging a slew of concerns.
Government Seeks Public Views On Future Of Bitcoin
On May 22, 2017 17:45 (IST)
Widening the scope of the debate on what is also referred to as Digital/Crypto Currencies, the government has invited suggestions on its discussion platform MyGov, launched...
Gold for Bitcoin? Global Chase for Virtual Currency Takes ...
Gold for Bitcoin? Global Chase for Virtual Currency Takes Roots in India Too
'Gold for Bitcoin' is emerging as a new trend in the world of online transactions.
By : Bharadwaj Sharma
July 28, 2014 19:45 IST
The paperless, bank-less, and state-less currency is gaining ground as it can be used just the same way that any digital money is used to pay for goods and services, such as buying coffee, a...
RBI cautions users of virtual currency, again - Livemint
Poll setback in Gujarat's cotton belt worries Maharashtra BJP
The Reserve Bank of India (RBI) on 1 February said that it has not given any licence or authorization to any entity or company to operate virtual currency schemes or deal with bitcoin or any virtual currency. "Any user, holder, investor or trader dealing with virtual currencies is doing it at their own risk," said RBI in a release on...
Date: 2017-12-20 02:06:29
Virtual forex trading india - moneysoccerleague.com
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Live Forex Trading Sessions Part -1 ,01/03/2016 (HINDI)...
Alert Bitcoin investors! RBI issues another warning, says ...
Alert Bitcoin investors! RBI issues another warning, says cryptocurrencies have some risks
� BusinessToday.in ���New Delhi���� Last Updated:�December 8, 2017 �|�12:13 IST
Bitcoin breached $12000 mark on Wednesday for the first time ever. The virtual currency has soared more than 1,000 percent since the start of the year. Last Wednesday, it was trading at $9,500. Nothing...
Related topics : virtual currency and the financial system the case of bitcoin / digital virtual currency and bitcoins / virtual & digital currency and payment systems / virtual currency exchange bitcoin / virtual currency bitcoin
Bitcoins: I-T notices to over 400,000 HNIs across India ...
The trigger for the action is understood to be the huge spike being registered in the value of bitcoins and other virtual currencies in the recent past.
Widening its probe into bitcoin investments and trade, the Income Tax (IT) department is set to issue notices to 400,000 to 500,000 high networth individuals
(HNI) across the country who were trading on the exchanges of this unregulated...
I-T notices to 4-5 lakh individuals trading in bitcoins ...
I-T notices to 4-5 lakh individuals trading in bitcoins across the country
The taxman had conducted surveys at nine such exchanges last week to check instances of tax evasion.
PTI | Dec 19, 2017, 10:34 IST
I-T department is set to issue notices to 4 to 5 lakh high networth individuals across the country who were trading in bitcoins on exchanges
Last week, the department had conducted...
Date: 2017-12-19 06:43:00
Crypto crash: Bitcoin nosedives 50% in India in just 13 days
The volatility of crypto currency bitcoin worldwide in recent times has had its spinoffs in India as well. The bitcoin's value has declined at least 48 percent in less than two weeks, according to bitcoin exchange Zebpay, said a report in the Economic Times (ET) on Thursday.
According to data available with Zebpay, the value of the currency in India has declined from Rs 3,40,116 per unit on...
Income tax department surveys bitcoin exchanges - Livemint
The income tax department's survey on bitcoin exchanges was undertaken to secure information about transactions, parties involved and bank accounts used
Last Published: Thu, Dec 14 2017. 01 18 AM IST
Gireesh Chandra Prasad Vivina Vishwanathan Remya Nair
The survey was part of the authority's broader efforts to profile and scrutinize assessees who pose a risk of tax evasion.Photo: AFP
Date: 2018-01-11 22:13:41
Related topics : virtual currency exchange bitcoin / virtual currency and the financial system the case of bitcoin / bitcoin exchange money laundering / bitcoin price exchange / bitcoin exchange market cap
Indians lose crores of rupees in bitcoin exchange collapse ...
Indians lose crores of rupees in bitcoin exchange collapse
Enforcement Directorate has called for an urgent meeting next week in New Delhi to chalk out action plan against bitcoin operators or traders.
A + A -
Things are not well in the world of virtual currency bitcoin.
Japan-based Mt Gox - the world's largest bitcoin exchange - has collapsed. The exchange has filed for bankruptcy, losing 7.5...
As Bitcoin hits $16,000 valuation, Indians are rushing to ...
Gurudutt Biswal, a young PR professional at a Gurgaon-based company, made his first investment in bitcoin six months ago. He has invested around Rs 25,000 and made profits worth approximately Rs 7,000 in last six months.
"I don't consider bitcoin as part of my asset allocation strategy. I rather prefer to spend the dividend while keeping investments very small to avoid risks," Gurudutt...
Date: 2018-01-11 18:39:59
Bitcoin Ban In India News: It Is Just A Warning By Reserve ...
Bitcoin Ban In India News: It Is Just A Warning By Reserve Bank: Reserve Bank cautions regarding the risk of virtual currencies including Bitcoins, 5th December 2017 Latest News Online Today. Is Bitcoin Getting Banned in India? Or what you've been told in social media groups is just hype? Today on 5th December 2017, at around 08:00 PM RBI (Reserve Bank Of India), has updated a 152 KB press release titled as "Reserve Bank cautions regarding the risk of virtual currencies including Bitcoins."
Bitcoin Ban In India News: It Is Just A Warning By Reserve Bank
The attention of members of the public is drawn to the Press Release...
Forex | 1 BTC to INR | 1 Bitcoin to Indian Rupee exchange ...
BTC Bitcoin exchange rates
Bitcoin is both a cryptocurrency and an electronic payment system:3 invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto. Bitcoin was introduced on 31 October 2008 to a cryptography mailing list, and released as open-source software in 2009. The identity of Nakamoto remains unknown, though many have claimed to know it....
Why Amazon is right to steer clear of Bitcoin - Engadget
Amazon has quashed the idea that it would be accepting Bitcoin as a method of payment. "We have considered it," said Tom Taylor, Amazon's head of seller services in an interview with Re/code , "but we're not hearing from customers that it's right for them, and don't have any plans within Amazon to engage Bitcoin." That stance might sound strange, given the company's history of staying...
Bitcoin in India: Bitcoin trading in India? Why it's still ...
NEW DELHI: Though it has hit surprising levels this year and few also predicted that the momentum may continue further, trading in bitcoins (which is currently illegal in the country) or any other cryptocurrency is a potential threat.
Despite the fact that Bitcoin started the year at $1,000 per unit in January and by mid-December it rose to $20,000, the government has clarified that it currently...
Date: 2017-12-22 05:10:17
Is Bitcoin trading illegal in India? Probe agencies agree ...
Is Bitcoin trading illegal in India? Probe agencies agree, users disagree
This could be an interesting case for the Enforcement Directorate (ED), the Reserve Bank of India (RBI) and the Income Tax Department to solve this year.
A + A -
This could be an interesting case for the Enforcement Directorate (ED), the Reserve Bank of India (RBI) and the Income Tax Department to solve this...
Bitcoin Trading in India – New way to make money online
Bitcoin trading in India is a new way to make money online. My friend has purchased Bitcoin (BTC) online before one year ago, and today by selling it he earned a hefty return of 150%.
Bitcoin is fastest growing digital currency all over. A return given by bitcoin in past one year has flattened all other asset class. However, trading in Bitcoin is a risky affair and not allowed legally in India....
Date: 2017-12-20 03:30:58
Abracadabra! Bitcoin-like Startup Has Ratan Tata As Early ...
Former Tata Group Chairman, Ratan Tata, has i nvested in Silicon Valley startup Abra , a payments app that allows users to transfer money across currencies. Underlying Abra's technology is so-called 'crypto currency,' that is a digital or virtual currency which uses cryptography for security. One of the first crypto-currencies to catch the world's attention was Bitcoin, which was launched in...
Bitcoin: Made a fortune in bitcoins? You may soon be taxed ...
NEW DELHI: The Income Tax (I-T) department is trying to find a way to tax bitcoin transactions, news agency Reuters reported on Wednesday quoting officials. The I-T department's intent may be seen in the light of the surveys it conducted at nine bitcoin exchanges across the country.
Thousands of transactions are taking place every day in unregulated cryptocurrency exchanges and the Income Tax...
Date: 2017-12-14 09:27:27
Bitcoin: Welcome to the digital gold rush | Forbes India
Illustration: Sameer Pawar
On December 10, a new bitcoin futures contract listed on the Chicago Board Options Exchange (CBOE) and started trading at $15,400 levels.Nothing unusual there, considering that the digital currency was quoting a little over $16,000 that day in the spot market.
But the new contract didn't quite stay around $15,400 that day. Soon, it surged to $18,850 before settling...
The Best Altcoins to Mine Using a Laptop or PC in 2017 ...
Altcoin is the Bitcoin alternative and describes all other crypto-currencies except for Bitcoin. Miners experiment with mining Altcoins on their Personal Computers (PC) and Graphics processing Unit (GPU) in their attempt to figure out the best Altcoins for mining in 2017. Some coins can also be mined without Application-Specific Integrated Circuits (ASICs).
Laptops for Mining
One miner used...
India's first bitcoin trading app launched | The News Minute
At a time when bitcoins are in focus also for the wrong reasons, cryptocurrency dealer Pluto Exchange on Thursday announced the launch of India's first mobile application for transacting in virtual currencies.
At a press conference here, Pluto Exchange founder and Chief Executive Bharat Verma said his company is all set to launch the country's first app-based wallet that enables bitcoin...
Date: 2018-01-11 23:14:35
Is Bitcoin legal - Zebpay | India's Leading Bitcoin Exchange
Nishith Desai Associates is India's leading international law firm. They have published above white paper which concludes that bitcoin is legal in India.
The CIS is India's leading Internet organization. CIS helped Internet remain neutral in India in the 2015 net neutrality fight. They have published a research post on their website which also states that bitcoin is not illegal under any...
Reserve Bank of India - Press Releases
The Reserve Bank of India has today cautioned the users, holders and traders of Virtual currencies (VCs), including Bitcoins, about the potential financial, operational, legal, customer protection and security related risks that they are exposing themselves to.
The Reserve Bank has mentioned that it has been looking at the developments relating to certain electronic records claimed to be...
Related topics : digital virtual currency and bitcoins / virtual currency exchange bitcoin / bitcoin peering electronic payment system / virtual currency bitcoin / virtual & digital currency and payment systems
How to buy bitcoins in India? – Goodreturns
Reserve Bank of India (RBI) Regulations for Bitcoins in India
In one of the PTI reports, RBI made a statement "The RBI advises that it has not given any licence/authorisation to any entity/company to operate such schemes or deal with Bitcoin or any virtual currency. As such, any user, holder, investor, trader, etc., dealing with virtual currencies will be doing so at their own risk". The apex...
Bitcoin - Latest News on Bitcoin | Read Breaking News on ...
Here are various possibility of taxing bitcoin profits under different circumstances.
Dec 19, 2017, 08:56 AM IST
The offer will be open to around 4,000 employees.
Dec 15, 2017, 13:35 PM IST
Bitcoin was trading at $17,750 per unit for the futures contract expiring on January 17, thus exceeding the highest value it had reached on alternative non-regulated internet platforms.
Dec 11, 2017, 10:33 AM...
Date: 2017-12-20 04:47:15
India's first bitcoin trading app launched | Zee News
India's first bitcoin trading app launched
The app would permit a range of transactions, including payments, remittances, business-to-business commerce, supply chain finance, asset management and trading.
IANS| Updated: Dec 28, 2017, 15:40 PM IST
New Delhi: At a time when bitcoins are in focus for all the wrong reasons, cryptocurrency dealer Pluto Exchange on Thursday announced the...
Date: 2018-01-11 23:14:27
Bitcoin India - Latest News on Bitcoin India | Read ...
Here are various possibility of taxing bitcoin profits under different circumstances.
Dec 19, 2017, 08:56 AM IST
Online shopping and utility bill payments via the virtual currency should be available soon.
May 24, 2016, 10:23 AM IST
Apart from bitcoins, ripple, litecoin, auroracoin, peercoin and dogcoin have seen steady pickup in volume as well market value. The latest additions include teacoin, aliencoin, magic internet money and heisenberg.
Mar 23, 2014, 14:36 PM IST
A number of new entrants, such as bitgem, catcoin, unobtanium and sexcoin, have arrived on the scene even as regulators across the world grapple...
Date: 2017-12-20 05:34:01