05 Jan 2014 / Economic Times – MUMBAI: Against the backdrop of RBI warning the public over highly speculative virtual currencies, a bitcoin traders’ body has sought clarity on the legality of the instrument, conceding that this business is extremely volatile and common people should stay away from it.
“If you are getting into serious business (of trading/ investing in bitcoins), it is very volatile, and ordinary people should refrain from doing it,” leading lawyer Nishith Desai, who has been engaged by a group of bitcoin traders, said here over the weekend. Desai was accompanied by the Bitcoins Alliance India’s founder-members.
“The Reserve Bank has already warned people and this is most welcome. But it is not saying whether bitcoins are legal or not; that is the clarity that these 30,000-odd bitcoin investors are looking for,” Deasi said.He claimed that his eponymous law firm has set up a bitcoin practice and has carried out a techno-legal analysis on the subject which did…. Read more
MUMBAI: Against the backdrop of RBI warning the public over highly speculative virtual currencies, a bitcoin traders’ body has sought clarity on the legality of the instrument, conceding that this business is extremely volatile and common people should stay away from it.”If you are getting into serious business (of trading/ investing in bitcoins), it is very volatile, and ordinary people should refrain from doing it,” leading lawyer Nishith Desai, who has been engaged by a group of b ..
MUMBAI: Against the backdrop of RBI warning the public over highly speculative virtual currencies, a bitcoin traders’ body has sought clarity on the legality of the instrument, conceding that this business is extremely volatile and common people should stay away from it.”If you are getting into serious business (of trading/ investing in bitcoins), it is very volatile, and ordinary people should refrain from doing it,” leading lawyer Nishith Desai, who has been engaged by a group of b ..
MUMBAI: Against the backdrop of RBI warning the public over highly speculative virtual currencies, a bitcoin traders’ body has sought clarity on the legality of the instrument, conceding that this business is extremely volatile and common people should stay away from it.”If you are getting into serious business (of trading/ investing in bitcoins), it is very volatile, and ordinary people should refrain from doing it,” leading lawyer Nishith Desai, who has been engaged by a group of b ..
