When governments fail to come up with solutions, courts often have to step in to provide guidance. A petition seeking the government to act on Bitcoin has landed in India’s Supreme Court. The case is likely to come up for hearing in January 2018. Source: Bitcoin & co: India’s crypto-currency debate heads to the courts, […]
After Pakistan and some other countries, India decides it doesn’t like Bitcoin. …director of the Reserve Bank of India (RBI) has signalled that virtual currencies like bitcoin won’t be allowed in the country. “Our current position on bitcoins is that we will not be using it for any payments and settlements…though the technology underlying crypto-currencies […]
Here is what Pakistan vs India E-Commerce spend looks like on a per capita basis. This is for 2013 data. To summarize, the Pakistan ECommerce model for 2013 was: US$ 40 Million in Sales and a population of 190 Million. The Indian equivalent was US$ 14 Billion in sales and a population of 1.252 Billion. […]
India was promised to be the next giant in Bitcoins (after China). Sadly, that is not the case. A Christmas Eve present (read: circular) from the financial regulator (Reserve Bank of India) is creating confusion amongst the existing players and has resulted that Bitcoin buying/selling from these exchanges has been suspended. The circular in its […]
Bitcoin traction has officially started in India. A salon in India is now accepting Bitcoins! How cool is that. Here is the report by Techcrunch: India Wakes Up to Bitcoin.
Here is an infographic of Home Remittances as measured over the past five years by: India Pakistan Vietnam Bangladesh, and Philippines Home Remittances | Infographics
Being an engineer and that too having specialized in electromagnetic, I am fascinated with physics. Anything and everything about the sciences intrigues me. Being a father of two children who are very young, I am extremely worried about their future. What worries me is not that we are a nuclear power. Or we are an […]