Tag Archives: India

India Gets The (Bitcoin) Green Light

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“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.”

http://www.coinspectator.com/india-gets-the-green-light/

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American-Style Start-Ups Take Root in India

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“India has built a reputation as a notoriously tough place to do business, one that has stymied even giants like Walmart. And unlike Silicon Valley, where a decent idea can attract funding, investors in India are much more reluctant to risk their money on start-ups.  The frustrations of doing business in India include bureaucratic hurdles in licensing and making other filings, and pressure for bribes, which Americans cannot legally give. Many start-ups avoid these hurdles by catering to private clients and by making products that do not need governmental approval.  Entrepreneurs have also had to adjust business plans quickly to get around complications.”

http://dealbook.nytimes.com/2013/12/30/american-style-start-ups-take-root-in-india/

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