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About bitcoin ? The Bitcoin was developed by Satoshi

Nakamoto in 2009. Used in peer-to-peer transactions in which

participating parties recognize its value. No central bank or clearing house, no

financial regulator, not tied to any currency

• Bitcoin are stored and sent through e-wallets

Bitcoins can be obtained by mining or in exchange for products, services, or other currencies.

Traded/exchanged through online virtual currency exchanges (Mt. Gox, TradeHill).

Approximately 11 million Bitcoin have been mined, 21 million Bitcoin in total.

Bitcoin is stored in such a way that the new owner is the only person allowed to spend it.

Bitcoin’s value cannot be debased by any government.

Bitcoin ATM counters.

Growth of bitcoin..

 legal status by country’s :

YES RESTRICTED

NO

How do bitcoins look like?

16UwLL9Risc3QfPqBUvKofHmBQ7wMtjvM

Public key: 32 characters starting with 1 or 3

Private key: 51 characters starting with 5

As on 2-4-2014 :

1 BTC = 468.2 USD 1 BTC = 27900 INR

Advantages

Avoid the taxation of the savings

Independent from Government.

Anonymity

It cannot be used twice

Simple, cheap and fast.

Transactions at any time.

No neeed of physical presence of traders.

Bitcoin trading accounts banned in China: report

The People's Bank of China, the nation's central bank, has ordered banks and third-party payment companies to close all bitcoin trading accounts at more than 15 exchanges across the country, the Shanghai-based China Business News reports.

The bank had recently issued a notice prohibiting domestic banks and third-party payment institutions from allowing bitcoin transactions, a source told the newspaper.(29-3-2014)

)

Reasons for ban or Disadvantages

Anonymity

Transactions are uncontrollable.

Not safe for the average computer user.

Competing digital currency

Cannot buy stuff.

Unstable or Limited confidence in Bitcoin

Conclusion

As long as people give you beer for it, it's real money.

Thank you..