Bitcoin Forum

Watch out for Tomorrow's Times of India.
They have got a statement from the RBI. :)

Sounds awesome so far :)

about?

About Bitcoin.

Cool :)

If it is a statement from RBI , it should be on their website and not coming from a newspaper.

It might be quote from someone at RBI and it might not be a official statement

They had published something on Virtual currencies last month.
We need to see who this statement is coming from to begin with.

Once TOI prints the story tomorrow, this will make some news. Regardless, this is the first bite that the RBI have offered on a positive note for Bitcoin in India.
Lets see how this goes.

This may Be a Strong Negative News about Bitcoin ? ;D



Troll....
Soon RBI will Say "Bitcoin Banned in India " and Those who Transfer ,Hold ,mine and Receive Bitcoin will Consider as a Crime

Thanks for the update benson.! Hopefully it is good news.
Looking forward to it!

It is.. Or so I was told. Never know what they print till it hits the stands.

Well, I was not able to find anything on TOI today. Let me know if you have anything.

http://economictimes.indiatimes.com/news/economy/finance/reserve-bank-of-india-wont-regulate-virtual-currency-bitcoin-yet/articleshow/21814624.cms

Thank you, back to usual business then.

Hopefully the "yet" will be forever :)

Good one.! RBI has more on their plate than they can eat right now. Once the rupee stabilizes, they will start hunting down bitcoiners..
The same thing happened here in USA. As long as there was recession, people in financial regulation bodies were sliced and diced for their mis-deeds.

Now that the economy is booming and they don't have anything else to do, they are sending summons to companies.

Btw the article mentions about Sunny Ray from blore. Who is it in the forum.?

infonetenergy

I am speculating atleast 12 months more.
This news allows many people to come onboard and start using Bitcoin for their businesses.
Its what many have been waiting for.

You would assume  that the regulations, subpoena's, etc will happen post that wave of people entering into this space.

and what is volume of bitcoins in India, RBI may need a good microscope to be able to see any volume.

I read it. Benson Samuel is mentioned in it. Maybe it's time you got a proper domain for that .tk site of yours?

The economic times section of the india times also has an article about bitcoins.

Dont know why she mentioned that site. I do not really work on it anymore.

This gets bitcoin attention in India. But it means that there is still a question mark about regulations. We saw a similar situation in the US with the fincen advisory and then all that regulatory pressure. It hasn't been a good thing so far.

I would assume that they found no one to procecute as yet. Hence the delay in regulating.

Hopefully this news will allow for many more people to get onboard and then the govt may see a revenue stream and intervene.

she.. oho  ;)

Now we know why Mr. benson was excited about this news....
http://www.linkedin.com/pub/indu-nandakumar/10/b99/a12

*cough* *cough*.. mr. benson  :D

Lol, she is very cool. She had been to our meetup as well.

That's nice :)