The path of Bitcoins is full of hurdles especially legal ones. Countries like China, France, Thailand, Norway, etc have already raised red flags against use of virtual currencies like Bitcoins. As far as India is concerned it has been reported that Bitcoins legal issues are fast increasing among the Bitcoin community of India. In fact, […]
Indian Laxmicoin Seeks Clarifications From Regulatory Authorities Before Its Launch
So far Bitcoins legal issues were vexing Bitcoin community of India. Now the Indian version of Bitcoins named Laxmicoin has felt the pressure of legal uncertainty surrounding virtual currencies like Bitcoin and Laxmicoin. This is more so after the Reserve Bank of India (RBI) declared that Bitcoins are vulnerable to various sorts of risks including […]
Bitcoins Legal Issues Increasing In India
One of the most prominent questions that is making rounds in the Indian e-commerce entrepreneurs is are Bitcoins legal in India? This legal uncertainty among Bitcoin community of India is increasing day by day. More and more legal violations are being reported these days. In the past there have been many media reports of the […]
Bitcoins Website Owners And Entrepreneurs Must Comply With Indian Law To Stay Legal: Perry4Law
Among vast legal uncertainty among Bitcoin websites and entrepreneurs there seems to be some hope. According to Perry4Law, the leading techno legal law firm of Asia, the Reserve Bank of India (RBI) has just fell short of declaring that use of Bitcoins in India is illegal. However, RBI has clearly indicated that use of Bitcoins […]
Is Bitcoin Legal In India?
The Bitcoin saga of India has finally reached a stage where it is pertinent to answer a very crucial question. The question asks is Bitcoin legal in India? Bitcoins emerged as a preferential investment in India in the year 2013. However, the legality of Bitcoins in India was always in doubts. This is more so […]
Seven Digital Cash LLP Facing Legal Risks For Dealing In Bitcoins In India
E-commerce websites in India are required to comply with many laws in India. However, most of the e-commerce websites are simply opened with great disregard to the Indian laws. As a result sooner or later they find themselves on the wrong side of the law. E-commerce websites frauds, crimes and offences have significantly increased in […]
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