let see , but new like Coinsecure will not help the case in positive way.
If Major publishing house also against bitcoin it require good defense. Judges are also human being there judgement can be affected by article like this.
This article is more than 6 months old. An article which says why you shouldn't invest in Bitcoin is different from one which argues that it should be illegal. In any case, I think the judges will rely on expert opinions and not be swayed by media articles.
ET is clearly telling its user base to stay away and I do not think they got any change of stance in these 6 months.
I am just wondering, what will be the defense opening statement for bitcoin?
If they say "Bitcoin is currency" than I guess case will be shutdown on very first day as there cannot be any other currency in India other than INR.
Bitcoin is not a commodity.
If you say Bitcoin is a security then which corporation will be backing its value?
With all this negativity it require a good attorney to defend who can alter the conventional way of thinking.
let see , but new like Coinsecure will not help the case in positive way.
If Major publishing house also against bitcoin it require good defense. Judges are also human being there judgement can be affected by article like this.
I do not think that the coinsecure hack will be a hurdle, there must be a precedent that the exchanges will be responsible for their inability to safely store the coins, the amount of money an exchange earns is huge and they must be responsible for the coins deposited in it and a regulation should patch these things, i hope we will have a reasonable decision in the end .
I think government and RBI take serious notes for common people losing money like this ,even whole banking framework looks a big failure than coinsecure in case of PNB+Neerav Modi.
