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Baltic Honeybadger 2017 • November 25-26, 2017

The Baltic Honeybadger conference is the first major event in Latvia dedicated to Bitcoin and the technologies built around it.…

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Tag: demonetization

Australian Government May Intensify ‘War on Cash’

Category: Bitcoin, Finance, News, Regulation

Australian Government May Intensify ‘War on Cash’

Australia’s Black Economy Taskforce (BET) has called for a war on cash and has revealed 35 different methods of eliminating cash. The taskforce placed the blame on the consumers for encouraging the use of cash, which is being manipulated and utilized by criminals to fund large-scale fraudulent organizations. In an interview with News.com.au, the Australian federal government’s Black Economy Taskforce…

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India is Potentially a Massive Market For Bitcoin If Legalized

Category: Bitcoin, News, Regulation

India is Potentially a Massive Market For Bitcoin If Legalized

After years of operating without clear regulatory frameworks, self-regulated bitcoin exchanges and businesses will most likely be introduced to a new set of regulations and policies by the Indian government in the next few months. Ever since the launch of Bitcoin in 2009, analysts and experts have stated that largely unbanked countries such as India present a potentially massive market…

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Has Bitcoin Become Illegal in India?

Category: Bitcoin, News, Regulation

Has Bitcoin Become Illegal in India?

Is India on the brink of becoming the next China? Did the central bank make bitcoin illegal? Or legal? Or both? A newspaper reports that bitcoin has become illegal in India, but an Indian exchange denies this. A committee shall decide who is right. According to the Economic Times of India the Indian central bank, the Reserve Bank of India…

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India’s Central Bank Warns Against Bitcoin Amidst Move Toward Cashless Society

Category: Bitcoin, News, Regulation

India’s Central Bank Warns Against Bitcoin Amidst Move Toward Cashless Society

On November 9, 2016, India’s Prime Minister Narendra Modi surprised the nation by taking the two highest denomination notes, 500 and 1000 rupees, out of circulation in a daring move towards becoming a cashless society. The demonetization aims to reduce corruption, counterfeiting, black money and terrorism financing, which all rely on cash transactions. To recuperate GDP lost in India’s $460…

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Demonetization is Leading to Another Catalyst for Bitcoin Demand and Prices

Category: Bitcoin, Commentary, News

Demonetization is Leading to Another Catalyst for Bitcoin Demand and Prices

India’s economy is making swift progress towards the digitization of money. Whilst this is great news, as they are keeping up with technological advances globally, India is faced with consequences surrounding the weak infrastructure, lack of internet access, smartphone devices and weak financial technology that is necessary for online payments. According to Credit Suisse, over 90 percent of India’s consumer…

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