RBI red flags 'Virtual currency'

[assortmentofsorts]

Report from Times of India: http://timesofindia.indiatimes.com/business/india-business/RBI-red-flags-virtual-currency/articleshow/20808495.cms

Actual report: http://rbi.org.in/scripts/PublicationReportDetails.aspx?UrlPage=&ID=709 , SEE: Box 3.4: Virtual Currency Schemes

[rezurect]

Expected Initial Reaction. To things they dont really understand.
India followed US policy i guess, if and when BTC goes mainstream in the US, I expect India to follow suit.

[assortmentofsorts]

Expected Initial Reaction. To things they dont really understand.
India followed US policy i guess, if and when BTC goes mainstream in the US, I expect India to follow suit.

True. Also, part of the article which talks about "D Sivanandhan" concerns about Bitcoin can be found here: http://www.daijiworld.com/news/news_disp.asp?n_id=170161

[Benson Samuel]

This looks more like a statement more than anything else.
Don't think it indicates anything about P2P or decentralization; these are the biggest threats to the current Banking system.

But it is good to see that India inc is taking a look at it on a mildly proactive basis.

[subvolatil]

Who  the  hell is the idiot  that wrote  for the TOI, looks  like   it  does not know   what  Crypto  currency is about , and  this is  a  classic  FUD they  are   trying to  engage in. guess the reporter  was  paid  by the  bank to  write  this.  money laundering, terror groups, i  guess  its  become a  world wide  trend  for  people  to  use  these  words  for  thing  they  dont  like  and  dont  understand.   


Get it  through your thick  head  the  developer  does not  issue  the  crypto currency, nor  does  he  control the supply of  the  crypto  currency. crypto is   a  decentralized  currency, a new  technological innovation an  movement. there is no  central authority  controlling  crypto .     

[Benson Samuel]

Who  the  hell is the idiot  that wrote  for the TOI, looks  like   it  does not know   what  Crypto  currency is about , and  this is  a  classic  FUD they  are   trying to  engage in. guess the reporter  was  paid  by the  bank to  write  this.  money laundering, terror groups, i  guess  its  become a  world wide  trend  for  people  to  use  these  words  for  thing  they  dont  like  and  dont  understand.   


Get it  through your thick  head  the  developer  does not  issue  the  crypto currency, nor  does  he  control the supply of  the  crypto  currency. crypto is   a  decentralized  currency, a new  technological innovation an  movement. there is no  central authority  controlling  crypto .     

I know that Indu does the tech review for TOI. But does not look like her writing at all. She knows way more about bTC.

[psypi]

They're just scared about the decentralization. They hate what they can't control.

"When people fear the government there is tyranny. When government fears the people there is freedom" -Thomas Jefferson

[Pinwheel]

what I told ya just few weeks ago  

now, get your self few good VPNs

[rezurect]

Just remember that the State's backlash against bitcoin has not yet begun. They fight, and they fight dirty.

[Amitabh S]

What is this Bit coin they talk about?