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Posts tagged as “ban on bitcoin”

We asked an expert in Cyber Law Why he wants Bitcoin to be Banned in India!

Na. Vijayashankar has been a vocal critic of Bitcoin since many years. He believes Bitcoin should be completely banned in India. We asked him why! Naavi, as Vijayshankar is known in the Cyber space in India, is an “Information Assurance consultant and Operates from Bengalooru (Bangalore)”. Naavi writes about Cyber laws on his website, and a good portion of it is dedicated to Bitcoin as well. He has authored several books and…

Bitcoin Price Decline: Why did it happen? Should I buy now or wait?

We were looking at $20000 internationally, while in some Indian exchanges a whopping 16 lakh INR for a piece of Bitcoin, and today we are looking at prices lesser than 5.5 lakh INR, or close to 8000 USD. Why did this happen? Has it happened in the past? Should I buy now or wait? Let’s get into it. Why did this happen? Many theories have been put forward for the…

No Arun Jaitley did not say Bitcoin will be banned

Update: Bitcoin is not banned, Finance Minister says, “They want to discourage people”. Read about it In the Budget 2018-19 speech, Finance Minister Mr. Arun Jaitley maintained the government’s stance by calling Cryptocurrency as unrecognised and that the government will take measures to stop the use of such currencies for illegal activities. “The Government does not consider Cryptocurrencies as legal tender or coin and will take all measures to eliminate…