Soon, buy a flat, pay restaurant bills using Bitcoin

BITCOIN LEGAL IN INDIA  MUST WATCH !!  IN HINDI NDA cCep (July7SI) - New Stewardship Code for Institutional Investors... NDA cCep (May22SI) - Blockchain Use-Cases: Beyond the Hype Dissecting Bitcoins - Introduction Dissecting Bitcoins - Sandeep Goenka

The latest hike in the Bitcoin Value has attracted a lot of traders and investors buying and selling Bitcoin in India Nishith Desai Associates, an international law firm has been appointed to Desai describes. He and his colleagues then met with regulators and India’s Central Bank, making presentations showing the legal ramifications of bitcoin, and urging leaders to declare the currency legal, which would allow the marketplaces to reopen. Those who are involved in innovation, creativity and value addition will thrive. bitcoin, you will remain anonymous, and safe. Welcome to a new financial world. One conceived by geeks, where money is minted on your home computer, and transacted solely through the Internet. “Bitcoins will revolutionise finance, just the way the Internet changed communications,” says Nishith Desai of Nishith Desai Associates, a law firm. The exchange value of 1 bitcoin is equal to about Rs 17,000. According to Saurabh Agarwal, Jt CEO, Zebpay the app allows buying, selling and transacting in Bitcoin's easy. Searchcoin, Blockstreet and Nishith Desai Associates-joining the alliance. In India, the Reserve Bank of India has not given a legal standing to Bitcoin but it also does If the trading was in the course of business, it will be classified under business income. Tax will be calculated accordingly,” says Jaideep Reddy, Nishith Desai Associates. With the volume and value of trade in crypto increasing - however modestly - the loss in tax revenue to the exchequer is likely to be substantial.

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BITCOIN LEGAL IN INDIA MUST WATCH !! IN HINDI

ABOUT NISHITH DESAI ASSOCIATES At Nishith Desai Associates, we have earned the reputation of being Asia’s most Innovative Law Firm – and the go-to specialists for companies around the world ... Nishith Desai Associates is a research-based Indian law firm with offices in Mumbai, Silicon Valley, Bangalore, Singapore, Mumbai BKC, Delhi and Munich that aims at providing strategic, legal and ... Nishith Desai Associates is India’s leading international law firm. They have published above white paper which concludes that bitcoin is legal in India. The CIS is India’s leading Internet ... At Nishith Desai Associates, we have earned the reputation of being Asia’s most Innovative Law Firm – and the go-to specialists for companies around the world, looking to conduct businesses in ... Nishith Desai Associates is a research-based Indian law firm with offices in Mumbai, Silicon Valley, Bangalore, Singapore, Mumbai BKC, Delhi and Munich that aims at providing strategic, legal and ...

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