Topic: [24-12-2013]-Avoid virtual currencies like Bitcoin, RBI warns... (Read 686 times)
Vice versa is also true- Virtual Currencies warns RBI.
December 26, 2013, 11:59:49 AM
December 26, 2013, 03:42:37 AM
Well the "solution" to barter was intended to be "money". Money was settled upon to be "currencies" which were gauged by various "Standards" and now we have a whole different problem - we are bartering agree upon "currencies" for "something" (btc and the sorts) which did not exist before and thus the problem , i.e.,w.r.t something -> do we not accept it ? do we accept it to a certain extent ? (in which case to what extent and who decides) or do we fully accept it ? (a future with no currently agree upon "currencies" aka a crypt-anarchists' paradise)
December 26, 2013, 12:52:59 AM
http://www.domain-b.com/economy/general/20131224_shoppers.html
Came across below news and it striked me, if Bitcoin is not defined as currency then for sure it comes under ambit of commodity. If Madovercoins.com sells good for Bitcoin then, they're bartering. Is bartering illegal under Indian law?
Barter is unregulated. Want a goat for a chicken?
December 24, 2013, 11:13:18 AM
http://www.domain-b.com/economy/general/20131224_shoppers.html
Came across below news and it striked me, if Bitcoin is not defined as currency then for sure it comes under ambit of commodity. If Madovercoins.com sells good for Bitcoin then, they're bartering. Is bartering illegal under Indian law?
Came across below news and it striked me, if Bitcoin is not defined as currency then for sure it comes under ambit of commodity. If Madovercoins.com sells good for Bitcoin then, they're bartering. Is bartering illegal under Indian law?
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