India Gets The (Bitcoin) Green Light

"Following a press conference organised by Bitcoins Alliance India, Unocoin, one of the largest Bitcoin exchanges in India has been given the green light allowing users to continue accessing their accounts as of today (6th of January 2014) with regular trading commencing on the 8th January. The conference was headed by India’s top taxation and legal expert Mr Nishith Desai, Founder & Managing Partner of Nishith Desai Associates. Mr Desai has meticulously analysed the techno-legal perspective of Bitcoin inline with current payment and currency laws and concluded that Bitcoins are in fact a legitimate currency and could provide many benefits to India’s economy." Continue reading

Continue ReadingIndia Gets The (Bitcoin) Green Light

India Gets The (Bitcoin) Green Light

"Following a press conference organised by Bitcoins Alliance India, Unocoin, one of the largest Bitcoin exchanges in India has been given the green light allowing users to continue accessing their accounts as of today (6th of January 2014) with regular trading commencing on the 8th January. The conference was headed by India’s top taxation and legal expert Mr Nishith Desai, Founder & Managing Partner of Nishith Desai Associates. Mr Desai has meticulously analysed the techno-legal perspective of Bitcoin inline with current payment and currency laws and concluded that Bitcoins are in fact a legitimate currency and could provide many benefits to India’s economy." Continue reading

Continue ReadingIndia Gets The (Bitcoin) Green Light

Taiwan’s Government Says No To Bitcoin ATMs

"Taiwan’s Financial Supervisory Commission (FSC) will not allow the installation of Bitcoin ATMs in the country because it believes Bitcoins are not a currency and should therefore not be accepted by individuals or banks as payment, said FSC chairman Tseng Ming-chung. U.S.-based company Robocoin planned to bring its Bitcoin ATMs to Taiwan and Hong Kong as part of its global expansion plans. Government attitudes toward Bitcoin differ widely throughout Asia, but the FSC’s decision is yet another sign that the cryptocurrency’s increasing mainstream acceptance also means it will come under scrutiny by more financial regulators." Continue reading

Continue ReadingTaiwan’s Government Says No To Bitcoin ATMs

All-Time High Unemployment: Depression In Europe Getting Deeper

"This week we learned that eurozone unemployment came in at an all-time high of 12.2 percent for September. Back in January 2012, it was sitting at just 10.4 percent. The funny thing is that the mainstream media will barely call what is going on in Europe a 'recession' even though the unemployment rates in both Spain and Greece are now much higher than anything that the United States ever experienced during the 'Great Depression' of the 1930s. A 25-year-old Spanish man with three college degrees that moved to London in a desperate search for a job is now cleaning up poop for a living. The economic collapse of Europe continues to march on, and there is no end in sight." Continue reading

Continue ReadingAll-Time High Unemployment: Depression In Europe Getting Deeper