Bitcoin Forum
June 20, 2018, 05:39:54 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: [2016-10-19] ET: Intelligence agencies warn government of Bitcoin misuse  (Read 630 times)
polynesia
Legendary
*
Offline Offline

Activity: 1358
Merit: 1000



View Profile
October 21, 2016, 01:36:51 AM
 #1

Intelligence agencies warn government of Bitcoin misuse

http://economictimes.indiatimes.com/news/economy/policy/intelligence-agencies-warn-government-of-bitcoin-misuse/articleshow/54926792.cms

Intelligence agencies have warned that virtual currencies such as Bitcoin may be used to fund illegal activities and move funds through hawala transactions and the government will look into the issue with the Reserve Bank of India (RBI) to ensure such new payment methods are not misused.

"At present we have no mechanism to deal with such mediums. The expertise from RBI will be used to come with specific measures to tackle such issues," said a government official aware of the concerns raised by the intelligence establishment.

Intelligence agencies have also apprised the government that in some countries virtual currency platforms such as Silk Road and Liberty Reserve were tried as unregistered money transmitters.
1529516394
Hero Member
*
Offline Offline

Posts: 1529516394

View Profile Personal Message (Offline)

Ignore
1529516394
Reply with quote  #2

1529516394
Report to moderator
The World's Betting Exchange

Bet with play money. Win real Bitcoin. 5BTC Prize Fund for World Cup 2018.

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1529516394
Hero Member
*
Offline Offline

Posts: 1529516394

View Profile Personal Message (Offline)

Ignore
1529516394
Reply with quote  #2

1529516394
Report to moderator
Wapinter
Copper Member
Legendary
*
Offline Offline

Activity: 1050
Merit: 1019


t.me/wapinter


View Profile
October 23, 2016, 09:38:51 AM
 #2

I hope this doesn't let government take any stupid action like banning bitcoin etc.There may be some risk involved as far as bitcoin usage is concerned but banning it is no solution

.
               ¦                    ¦
              ¦                    ¦ ¦
             ¦   ¦                ¦   ¦
          ¦¦¦¦     ¦                   ¦¦¦
       ¦¦¦¦¦¦         ¦       ¦        ¦¦¦¦¦¦¦
    ¦¦¦¦¦¦¦¦¦             ¦¦           ¦¦¦¦¦¦¦¦¦¦
   ¦¦¦¦¦¦¦¦¦¦¦          ¦¦¦¦¦¦          ¦¦¦¦¦¦¦¦¦¦
 ¦¦¦¦¦¦¦¦¦¦¦¦¦        ¦ ¦¦¦¦¦¦ ¦        ¦¦¦¦¦¦¦¦¦¦¦¦
 ¦¦¦¦¦¦¦¦¦¦¦¦¦      ¦   ¦¦¦¦¦¦   ¦     ¦¦¦¦¦¦¦¦¦¦¦¦¦¦
  ¦¦¦¦¦¦¦¦¦¦¦¦    ¦     ¦¦¦¦¦¦     ¦   ¦¦¦¦¦¦¦¦¦¦¦¦¦
   ¦¦¦¦¦¦¦¦¦¦¦  ¦       ¦¦¦¦¦¦       ¦ ¦¦¦¦¦¦¦¦¦¦¦
 ¦¦¦¦¦¦¦¦¦¦¦¦¦¦         ¦¦¦¦¦¦         ¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦         ¦¦¦¦¦¦         ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦       ¦¦¦¦¦¦¦¦       ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
  ¦¦¦¦¦¦¦¦¦¦¦¦¦¦       ¦¦¦¦¦¦¦¦       ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
   ¦¦¦¦¦¦¦¦¦¦¦¦¦¦      ¦¦¦¦¦¦¦¦       ¦¦¦¦¦¦¦¦¦¦¦¦¦¦
    ¦¦¦¦¦¦¦¦¦¦¦¦¦      ¦¦¦¦¦¦¦¦       ¦¦¦¦¦¦¦¦¦¦¦¦¦
     ¦¦¦¦¦¦¦¦¦¦¦¦¦     ¦¦¦¦¦¦¦¦      ¦¦¦¦¦¦¦¦¦¦¦¦¦
      ¦¦¦¦¦¦¦¦¦¦¦¦     ¦¦¦¦¦¦¦¦      ¦¦¦¦¦¦¦¦¦¦¦¦  ¦¦¦¦
       ¦¦¦¦¦¦¦¦¦¦¦¦    ¦¦¦¦¦¦¦¦¦    ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
        ¦¦¦¦¦¦¦¦¦¦¦   ¦¦¦¦¦¦¦¦¦¦    ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
         ¦¦¦¦¦¦¦¦¦¦¦  ¦¦¦¦¦¦¦¦¦¦   ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
          ¦¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦¦   ¦¦¦¦¦¦¦¦¦¦
           ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦  ¦¦¦¦¦¦¦¦¦¦
             ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦ ¦¦¦¦¦¦¦¦¦
              ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
               ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
                 ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
                  ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
                   ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
                     ¦¦¦¦¦¦¦¦¦¦¦¦¦¦¦
                       ¦¦¦¦¦¦¦¦¦¦¦¦
                        ¦¦¦¦¦¦¦¦¦¦
                          ¦¦¦¦¦¦¦
                            ¦¦¦
                           ¦¦
WAPINTER¦BOUNTY MANAGER
  THE BEST BOUNTY CAMPAIGN MANAGER!
[.
HIRE ME!
] [
.
TELEGRAM: @LoveCrypto
SKYPE: @seomywibes
]
polynesia
Legendary
*
Offline Offline

Activity: 1358
Merit: 1000



View Profile
October 23, 2016, 10:12:52 AM
 #3

I hope this doesn't let government take any stupid action like banning bitcoin etc.There may be some risk involved as far as bitcoin usage is concerned but banning it is no solution

They have blocked porn sites, torrent sites, etc.  Wink
Let us hope there is no knee-jerk reaction on such reports. I really think the government is more mature than that.
bitcoinisbest
Hero Member
*****
Offline Offline

Activity: 686
Merit: 522


BookiePro.Fun - The World's Betting Exchange


View Profile
October 23, 2016, 06:38:20 PM
 #4

Well may not be the case as several banks are trying to use the blockchain technology and find the solution of how this could be used in future. ICICI bank just transfer the funds via this technology some days back itself.

         ▄▄▄█████████████████
    ▄▄████████████████████████     
 ▄█████████▀▀▀            ████▌     ███▄
▐█████▀▀                  ▐███▌     ████
▐████                     ▐████     ████
▐████       ▄▄█████████████████      ▀▀█
▐████     ▐███████████████████▌
 ████▌     ███████▀▀▀▀▀███████████▄▄▄
 ▐████      █████       ██████████████▌
  █████     ▀█████     █████▌  ▀▀█████
   █████     ▀█████   █████▀     █████
    █████     ▀█████▄█████▀     █████
     █████     ▀█████████▀     █████
      █████      ▀█████▀      █████
       █████▄      ▀▀▀      ▄█████
        ▀█████▄           ▄█████▀
          ▀█████▄       ▄█████▀
            ▀█████▄▄ ▄▄█████▀
              ▀███████████▀
                 ▀▀███▀▀
BookiePro▀▀▀▀▀▀▀   BookiePro.fun   ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀██████████ █ █
  The World's Betting Exchange 
         ▄▄███▄███▄
        ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
       ██▀ ▀█████████████
   ▄██ ███▄██████████████
  ████ ██████████████████
   ███ ███████        ███ █▄
▄█▄ ██ ███████   ████████ ▀▀█▄
▀██▄ ████         █████ ▀██▄
  ▀█▄▄ ████▀▀▀   ▀▀▀█████ ██ ▀█▀
    ▀█ ████▄▄▄   ▄▄▄█████ ███
       ███████   ████████ ████
       ██████████████▀███ ██▀
       █████████████▄ ▄██
        ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ 
             ▀███▀████▀▀
   Bet with  ▆▆▆▆▆
▆▆▆▆▆ Play Money

  Win Real Bitcoin 
|   5 BTC ▆▆▆▆▆
▆▆▆▆▆ Prize Pool

  World Cup 2018 
  Download 
Now
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!