Guide to Claim Car Insurance

While it is important to get your cars insured at the earliest to avoid any unsavoury incidents, it is equally crucial for you to know how to claim insurance for cars. This will help you carry out the insurance claim process in an easy and hassle-free manner with little to no delays on your part. This guide can help you understand just what you would need to do to lodge an insurance claim for your car. So, without any further ado, let’s begin.

How to Claim Insurance for Cars in Case of Own Damages?

Here’s what you would have to do to initiate an insurance claim in the case of your own damage to your car as a result of an accident.

  1. Intimating your insurance service provider of the damage to your car should always be the first step of the claim initiation process. Make sure to do it as soon as possible since delays on your part can hamper the claim process.
  2. Once you’ve informed your insurer, take your car to the nearest garage.
  3. Fill the claim application form. You will have to specify details of the policy, the nature of damage to your vehicle, and disclose your personal details.
  4. Submit the filled claim application form along with the required documents at a branch of your insurance service provider that’s nearest to you.
  5. The insurer will assign a surveyor to assess the damage. The surveyor would then prepare a report, which will be sent to you and the insurer.
  6. Based on the report, and the bills submitted by you, the insurer would then settle the claim depending on the type of claim applicable to you – cashless or reimbursement.

How to Claim Insurance for Cars in Case of Third-Party Damages?

In the case of damage to a third party as a result of an accident involving your vehicle, here’s what needs to be done.

  1. Firstly, inform your insurer of the damage caused to the third party by you.
  2. The affected party would have to send a legal notice seeking settlement for the damages caused by you.
  3. You would then have to submit the legal notice to your insurance service provider, along with a copy of your car’s Registration Certificate, driving license, and First Information Report of the incident.
  4. Once you’ve submitted all the documents and raised the request with your insurer, you will be appointed a lawyer to help you with the case.
  5. Based on the verdict of the court, the insurer will make the settlement accordingly.

How to Claim Insurance for Cars That Have Been Stolen?

If you find that your car has been stolen, here’s the process that you would have to follow to claim insurance.

  1. File a complaint at a police station nearest to you as soon as possible. Also, ensure to get a copy of the First Information Report (FIR).
  2. Fill the claim application form and submit the same with your insurance service provider along with a copy of the FIR.
  3. Also submit the final investigation report as and when you receive it from the police authorities.
  4. Upon submission of the same, an investigator will be assigned.
  5. Once the investigator approves the claim request, submit the Registration Certificate (RC) of your stolen vehicle along with any duplicate keys that you may have, a subrogation letter, and a letter of indemnity duly notarized.
  6. After submission of all the above documents, the insurer will assess your claim and settle the same if satisfied.


Although filing for an insurance claim may seem like a daunting task, it is in fact very easy and doesn’t take much time. If you need more information on how to claim insurance for cars, you can find it on Finserv MARKETS.

That’s not all. Finserv MARKETS offers so much more than just information. For instance, you can use our car insurance calculator to know just how much premium you would have to pay for your four-wheeler insurance policy. Or, you can browse through our selection of insurance and other financial products, compare and contrast multiple policies, and apply for loans.


How Startups Can Avail The Mudra Loans In India

When it comes to policies for farming and agriculture or awarding funds and loans for any startup in the nation, our Indian government of Indian is seen to be one of the best as they are very advanced and developed in this field. Entrepreneurs who are beginners usually need financial help or funding and loans for their plans and strategies to increase their enterprise and to boost their business. To aid these new entrepreneurs to begin their work effectively, the Indian Government came up with their Pradhan Mantri Mudra Yojana in the 2015 month of April.

This Pradhan Mantri Mudra Yojana helps in fundraising and supporting small businesses. This PM e mudra loan helps first-timers through Micro unit developments and Refinance Agency or Mudra which is an NBFC (non-banking financial company). To get a pm e loan of up to 10 lakh you have to reach certain eligibility criteria. They work through refinancing NBCFs or MFI to furnish the loan to the needy. If you are a new entrepreneur with an out of the box but lacking funds, then all you have to do is apply for the pm e mudra loan, choose the one most appropriate for you, explore the terms and conditions attached and get your loan from the bank.

Types Of Mudra Loan For Startups

There are three types of Mudra loans available for startups namely, Shishu, Kishore, Tarun. The following are the description of the three categories:

  • Shishu: The Shishu loan is furnished to you in the initial years. You can get up to Rs 50000 as a Shishu loan. This Shishu loan is usually given for the money required for the entire set-up, infrastructure, raw materials and every other basic amenities required at the beginning of a startup
  • Kishore: You can get a loan of Rs 50000 to Rs 5,00,000 through a Kishore loan. This loan type aims in enhancing the business in the growing years
  • Tarun: Tarun loan furnishes with a loan amount of more than Rs 5,00,000 but less than Rs 10,00,000

The government ponders over the Shishu loan more than the other two to stimulate the startup idea and entrepreneurship among the blooming generation. This also helps in facilitating the startup system in the country.

Mudra loans are provided only if your application meets the eligibility criteria and the rules and regulations specified.

On the other hand, MFIs or micro finance institutions furnish up to Rs 1,00,000 to help the industries. Women entrepreneurs can avail of more benefits and unique interest rates for their startup plans.

How Startups Can Avail The Loan?

The first thing you must do as an entrepreneur to get a pm mudra loan is to check in which classification your startup enterprise lies in. The categories are framed based on fund requirements and scales. To choose among the server avail schemes Mudra loans, you must explore and know your own requirements and position in the startup sector. Then you can choose one after fitting with the mentioned criteria.

After choosing your category it’s time to decide where to take the Mudra loan from. As the interest rate varies so you must also calculate mudra loan interest rate. After you calculate mudra loan interest rate and the other fields are also clear to you, you can now safely apply for Mudra Loan online or offline from any bank.


3 Tips for How to Get a Business Loan from a Bank

Despite the loan procurement setup being easier to manage in 2021, businesses still find it hard to find the most relevant credit line for keeping their setups operational. If you are in the financial space, seeking an MSME loan as per your liking, it is necessary to consider multiple lenders and banks to make informed decisions.

While connecting with a bank to get a business loan requires due diligence and adherence to the norms set by the concerned organization, there are several other aspects that need to be considered to make loan procurement easier than ever.

Also, before you move forward with the loan application and connect with a bank, it is important to ascertain the purpose of the credit line, cross-reference the credit score, and keep the documentation in place.

Tips to make Loan Procurement Seamless

If you are interested in a business loan, it is advisable to get hold of the most credible lenders that offer flexible credit value and even a bendy repayment scheme. But then, newer businesses might still get overwhelmed by the excessive paperwork and therefore, it is important to follow a clearly defined strategy to make loan procurement easier and literally effortless.

Determine the Type of Loan

Before you can even apply for a loan, you need to understand the category in which your MSME loan would fall. Here are some of the options that might sound familiar:

  • ConventionalBusiness Loans

These are standard bank-released business loans with fixed interest and repayment terms.

  • LOC

Line of Credit is more like a business credit card, which allows MSMEs to use financial assistance, if and when they deem fit.

  • Equipment Lease

This form of assistance isn’t strictly financial but involves you paying a monthly charge for leasing specialized equipment, for running the existing setup.

  • Unsecured Loans

These business loans do not require collateral but often end up attracting exorbitant interest rates.

In addition to these types, you can also rely on commercial mortgage and letter of credit to make survival easy in the post-lockdown phase.

Look for Alternatives

A bit of haggling, in fact, goes a long way in helping you get the best deal on any MSME loan. Therefore, before you go up to banks with an application, check eligibility and loan amount by connecting online and through micro-lenders.

Understand the Terms to the ‘T’

Bank loans aren’t as straightforward as you might think them to be. However, to make procurement easier, it is necessary to cross-check the interest rate associated with a given loan amount. It is necessary to look for something competitive and perpetually affordable to make life easier.

Also, the term of repayment needs to be cleared out in advance with the lender whilst establishing a cordial and enterprising relationship with the same.


Getting a business loan, at the best price i.e. for the most competitive interest rate often depends on your credit score. However, if you want to avoid the hassles of relentless brainstorming, you can always pick up the best loan value and structure at Finserv MARKETS.


RBL Credit Cards: Application Status, Customer Care & Payment

RBL is one of the oldest private sector banks in India that has a stellar record of serving its customers since 1943. RBL was one of the earliest banks to issue credit cards to customers, keeping pace with the changing dynamics of the Indian consumer market. A credit card, as the name suggests, allows you access to easy credit in times of need. Credit cards also provide a host of other benefits such as gift vouchers, cashbacks, and privileges that have led to a surge in their popularity over the last few years. This is why Finserv MARKETS offers the RBL Bank credit card, that apart from providing you easy access to credit, also provides a range of benefits that lead to major savings in the long run.


You can apply for an RBL credit card either online on or physically at any of the RBL bank branches. Before you apply, however, you must check if you meet the eligibility criteria.

Eligibility Criteria

  1. You should be within 25 to 65 years of age.
  2. You should have a good repayment history.
  3. You should have a credit score of 750 and above.
  4. Your residential address should fall within the list of the locations provided by the company.

Required Documents

  • One ID proof,
  • One Address Proof
  • One Passport size photo.

Steps to apply

You can apply both via offline or online mode. The detailed steps for each are given below.


  1. Visit the nearby RBL bank branch and consult with a credit card representative.
  2. With the help of the representative, find a suitable card among the different variety of credit cards provided based on your requirements and needs.
  3. Submit the filled application form along with the necessary documents.


  1. Visit the Finserv MARKETS website and fill in your mobile number, email ID, and date of birth.
  2. Once your mobile number and email have been verified, select RBL credit cards from the wide list of options that appear. Browse through the types of RBL credit cards you could apply for and select the best card that suits your requirements and lifestyle. Remember, each card is designed to suit a specific customer requirement and no two cards offer identical features.
  3. Once you have decided the type of RBL card you want, fill and submit the credit card application form online to complete the application process.

And that’s it. It’s that simple.

How to check the RBL credit card application status?

You can check your credit card application status both online and offline.


You can check your RBL credit card application status either by using the reference number provided to you at the time of application or using your registered mobile number. Each of these is explained below:

  1. Using Reference Number
  •         Log on to the official RBL website and navigate to the ‘track your application status online’ page.
  •         Enter the RBL credit card reference number and mobile number.
  •          After authentication, you can view your RBL Credit Card application status
  1. Using Your Mobile Number
  •         In the credit card section of the RBL website, enter your registered mobile number.
  •         Enter the OTP sent to the Mobile Number.
  •         After validation, status can be seen


You can also check the RBL credit card application status offline by visiting your nearest RBL Bank Branch and contacting the customer care agent in the credit cards section.


RBL bank is known for its prompt and efficient customer service that is available round the clock to resolve customer issues. RBL Credit Card customer care can be contacted from the details given below

Customer Care Number

For any queries, the following are the RBL credit card customer care no :

  • RBL SuperCard – +91 22 71190900
  • Other RBL Credit Cards – +91 22 62327777
  • Toll-free number – 1800 121 9050

Customer Care Email Address

One can also use Email for complaints,

Customer Care via SMS

A message can be sent to the RBL Bank customer care number mentioning the code for the specific service for solving the queries.

Customer Care Social Media

Facebook – @TheRBLBank

Twitter – @rblbank

Twitter Care – @RBLBankCares

Instagram – @rbl_bank

LinkedIn –


Various options are given below for online and offline RBL Credit Card Payments

Online payments

RBL Credit Card Payment can be done using any of the following modes:

  • NEFT
  • IMPS
  • Net Banking
  • Using BillDesk
  • Mobile Banking
  • Debit Card and UPI
  • NACH

Standing instructions for payment can also be given from your savings account

Offline payments

For offline payment, you can use any of the following means:

  • Payment of RBL Credit Card Bill at the nearest RBL branch
  • Payment using ATM.

Wrapping Up

Credit cards have become almost a necessity in our lives today. RBL Bank, with nearly 8 decades of experience in the banking sector offers one of the most feature-packed and secure credit cards.  In one single credit card, you receive a variety of benefits like interest-free cash withdrawal, personal loan against your cash limit, EMIs for the purchases done, and a lot of discounts and rewards. By applying for RBL credit cards on Finserv MARKETS, you get the benefit of a quick and hassle-free paperless application process and prompt processing.


Things to Look for in an Online Trading Platform

Trading online isn’t something that you can figure out in one day. It takes a lot of effort to get used to it.

One of the main things that you need to figure out is how to find a trading platform that works well for you. Every trading platform is different, and many have specific specialties over others.

In this article, however, we will be looking at the main factors to look out for in any trading platform. These factors are quite general. Any good trading platform must have all of them. Take a look!

Learn more about online stock trading in Singapore.


You need to know that you can trust the platform you choose to work on. Otherwise, the environment is simply too stressful to work with.

The easiest way to determine whether a platform is reliable or not is to check out its reviews. If the majority of people who have used the platform found it to be good, then you’re good to go.

Legal Licensing

This factor is quite obvious. You need to look into the platform and ensure that it is licensed for use. There are a few different licenses that can be availed and each is only usable in certain areas. You must make sure that you fit the criteria before using the platform.

Balanced Fees

Any and all trading platforms will come with fees. You’ll have your minimum deposit as well as a small amount of interest on each trade. Make sure you research a variety of platforms to ensure you have those with good fee levels as well.

Ease of Navigation and Utility

You don’t want to work on a complicated trading platform that requires a huge amount of knowledge and attention. What you truly want is a platform that literally tells you what to do and where to go. It should be so simple, that someone who had never used it could go on and figure it out without much or any help.

Make sure that any trading platform you are considering has all of these. Once you’ve done that, you can determine which one fits your needs best. Happy trading!

Check out robo advisors in Singapore.


Am I eligible to use construction finance?

Construction projects are capital intensive in nature and builders who undertake such projects often need to make a huge upfront investment. Construction finance makes the task of funding a project easier and allows a builder to utilise their money for purposes such as marketing their project and streamlining other operations.

This article provides information relating to which constructors are eligible for construction finance and how you can improve your chances of being granted a construction loan.

What is Construction Finance?

Typically, construction finance is a short term loan which is used to cover the costs of a building such as a commercial project or a private home. The term of this loan is usually set at around a year to provide sufficient time for the builder to complete the project. Sometimes businesses take out another loan commonly referred to as an ‘end loan’ to pay off the construction loan.

In this way, the earlier loan is refinanced using the new loan at the end of the construction process. The new loan usually provides better repayment terms and spreads repayment of the loan over a longer period, such as 30 years.

Qualification for a Construction Finance

Mortgage lenders and banks are often hesitant to give away construction loans for several reasons.

To fund a construction project, the lender must have faith in the ability of a contractor to complete the particular project which needs financing. Financial institutions which approve the necessary construction finance do so on the basis of the value that the project will possibly hold upon completion.

If the property rates fall, or the builder doesn’t do a satisfactory job, it may reflect poorly on the bank or lender which chose to fund the project. For this reason, many construction finance providers carefully evaluate the eligibility of a contractor to qualify for funding in a bid to protect themselves from an unfavourable outcome. Banks especially are known to impose strict requirements that must be met by those who apply for a construction loan.

Involvement of a Qualified Builder

A licensed general contractor is a qualified builder with a reputation for delivering quality projects. Loan applicants who are owners as well as builders, or intend to act as their own general contractor, may find it difficult to make a convincing pitch to a financial institution to acquire funds for their project.

The Lender Needs Detailed Specifications

Banks or lenders request the contractor to provide details regarding the material which is being used for the purpose of construction as well as other important particulars such as floor plans, fire safety precautions, ceiling heights, type of home insulation, amongst many others. Any loan applicant must therefore gather all relevant information regarding the project that may be needed by a lender.

An Appraiser Must Estimate the Value of the Building

It may be difficult to accurately predict the value of a building which does not even exist. However, the value of the land on which the building is to be constructed along with other building specifications need to be evaluated by an appraiser and the findings must be reported to the lender.

Buildings and locations which are similar in size and features to the project in question must be compared against the calculations made by the appraiser. This should serve as a confirmation to the value determined by the appraiser.

Large Down Payment

The minimum amount that you need to put down for a construction loan is typically 20 percent and may even go as high as 25 percent. From the perspective of a lender, this is necessary as it reflects the intent and resolution of a builder, and also speaks of their ability to complete the project and not abandon it if things go wrong. It also acts as a safeguard in case the building does not have as much value as was expected upon completion.

Applicants who have a positive credit rating and are also able to meet the criteria mentioned above, should not face much difficulty in getting approved for a construction loan.

Additionally, however, lenders may ask for information relating to income to ensure that the borrower can afford the mortgage repayments. This is the same information which is expected of a borrower of any type of credit.

How Does Construction Finance Work?

When a loan applicant meets the eligibility criteria and their request for a loan is approved, the lender begins to pay out the money promised as per the loan agreement. Instead of providing the money up-front, a schedule of payment instalments is created.


Draws can also be thought of as the designated intervals between subsequent instalments of credit borrowed in order to continue the construction of the project. Throughout the construction of a project, there may be several withdrawals. The payment schedule which the lender and borrower may agree upon, varies from provider to provider.

For example, a lender may decide to give away 10 percent of the loan amount when the loan closes and the next 10 percent after the area is cleared or the foundation of the building is laid. The next instalment may be provided when a particular slab has been laid or the house has been framed. Usually the final instalment is given when the project is on the verge of completion.

The frequency of providing instalments as well as the amount which is to be given away in each instalment is a topic of negotiation between the borrower and the lender. The buyer’s down payment is typically the first draw which puts the buyer’s money at a greater risk than that of the lender. Before each instalment of the loan is released, an inspection is carried out to make sure that the construction of the project is proceeding as per the plan.

Construction Loan Rates

As with all other loans, interest needs to be paid on the money which is borrowed in the form of a construction loan. Construction loans are generally variable rate loans which means different rates of interest will be payable at different stages of the project.

For more information regarding construction finance, it is advisable to get in touch with several lenders and determine which is the most suitable loan for your project.


Make sure to understand the financial problems when you speak with the seller

The buyers must ensure to start the negotiation at a low cost and also at a reasonable price. If the price of the used car is agreeable to you and the seller then you can also bargain on the way. The problems encountered regarding the deal can be sorted out if you have the contract as proof of negotiation. The low-interest rate is considered as a better term if you approach a bank or credit union for the purpose of financing. You can speak with the seller if you ensure to understand the financial problems and avoid cheap cars. If you are ready to purchase the used car then you should never show your eagerness when you meet the seller. The sellers may increase the price of your car based on your interest to purchase the car. The buyers can talk about the possible cars which they can invest if they want to discuss the specifications.

Get the best insurance premium:

If you are asking the seller only about the specific model of the car then you can ensure that they will not increase the price. You can purchase the used car of your choice only if you find an insurance company in order to get savings on premiums which you can see it here. The buyers can get the best insurance premiums only if they choose the right insurance company. If you follow some simple steps then you can afford to get the best rates on premiums for your used car. It is possible to move your car on the twisting roads if you ensure to check the reverse. You should be ready to go for a test driving if you want to purchase the used car. If there are any indications for corrosion then you find the signs of rust. The customers can have a good feeling when they drive the cars available at our company.

Get approval from the manufacturer:

The depreciation of the vehicle should always correspond to the mileage of the car. If you pull the car to one side then you can see how the gear works and you should check whether the clutches are stiff or not. You can say that the used car is not having proper care if the engine is dirty. If you get approval from the manufacturer of the car then you can know whether it is trustworthy or not. The customers who want to buy the used cars from the private sellers can check the used cars offered from reliable garages. The used cars which are maintained with high standards can be purchased by the customers without any queries. The customers can make the purchase if they negotiate with the dealer on the next move. You can perform the research about the used car in order to allocate the required budget. If the price of the used car is lower than the initial price then you can great deals from the company.


Bad credit score woes can be solved by following these tips

When it comes to loans, having a bad credit score will surely give you a bad reputation which will surely affect your chances to avail of another loan regardless of your reason because creditors will surely judge you no matter what.

Creditors are going to dig deeper into your credit history and will always make a decision about whether or not give you approval of your loan. Lenders are required to determine the risk that comes with the money that you lend from them and if you have a bad credit score, then chances are, you will be declined of your loan application.

If may sound so hopeless, however, there is nothing to worry about because even if you have a bad credit score, there are still ways to get a loan and here is how. You can also check out and apply for loans in arkansas for bad credit scorers by clicking on the link.

  • Check your credit score and determine its status- Lenders will get information about your credit score, so you should also get your credit score so that you can determine what type of loan is the best fit with your current credit score. When you apply for a loan, that three-digit Fico score will be crucial in whether or not you will get approval. Fico score is the credit score that is developed by a company that is named by the term itself. The scores that are created are the information from a borrower’s credit report through credit and managing debt.
  • Build your credit from bad to good- Straightforward this is the best option you have in order to get higher chances of approval rating for your next loan application because having bad credit can mean that you are going to have to pay more for the loan you are currently having. However, you can always improve your credit score by completing the entire term of your loan. So, you should always pay the remaining balance of your loan on time.
  • Try personal installment lenders- There are just some situations that need quick solutions that is why building a good credit score may sound good, but it takes a lot of time, which is why you should opt to apply for a personal installment loan such as a payday loan that does not require entirely with your current credit score.
  • Try to have a secured loan- Secured loans are very good for borrowers who have bad credit which will also improve their credit score if they apply for this kind of loan. Because of a secured loan, the borrowers can offer an asset of theirs such as valuables like cars, a real estate property as collaterals which makes lenders also likely to approve because of the collaterals at stake knowing that the borrower has to complete the payment terms to prevent the lenders from seizing the collaterals.
  • Joining a credit union- This is also a viable option for borrowers who have bad credit scores because just like banks, however, if you apply for a loan, they do not evaluate you mainly on your credit score. If you are a member of a credit union, you have to convince the officers to grant you membership by taking a look at your financial status and also some factors that will contribute to your approval.

Rising Years of Bitcoin Wallet

November 2010

The virtual money reached one million dollar. Based on the number of BTC in flow, the value of Bitcoin reached a rate of $0.50 per BTC.

January 2011

A controversy arose when Silk Road, an illegal drug distributor was established. They used bitcoin as a way to anonymously buy and sell drugs online.

February 2011

For the first time, BTC reached parity with the US$ and in June the same year, Bitcoin wallet had an equivalent value of $31 which gave it a market capital of $206M.

June 2013

The first bitcoin theft was reported where Bitcoin Forum founder Allinvain claimed to have lost 25,000 bitcoins from his BTC wallet. 25k BTC equals to $375,000 at that time. Also, in the same month, a major security flaw was seen where BTC value go from $17.51/BTC to $0.01/BTC.

March 2013

FINCEN or the US Financial Crimes Enforcement Network issued the world’s first regulation for BTC using a guidance report for individuals who administers, exchanges or uses bitcoins. This had caused the start of the ongoing debate on how to best regulate the virtual money.

Also, in the same month BTC’s market capital reached 1 billion dollars.

In a case against Trendon Shavers, tagged as ‘Bernie Madoff’ of bitcoin, Federal Judge Mazzant noted hat the virtual money is clearly useful as money in buying goods and services. Bloomberg started trying bitcoins on its terminal though there are other ticket alternatives, the endorsement added more institutional legitimacy to Bitcoin.

November 2013

Bitcoin wallet US$ rate increased to $700 as the US Senate had its first hearings regarding digital currency. Ben Bernake, the Federal Reserve chairman, gave his blessing to BTC. He noted in his letter to the government affairs committee and Senate homeland security that bitcoin wallet may hold great promise especially if it will raise a faster and more secure and efficient payment system.

December 2013

Central bank in china did not permit financial institutions to handle BTC transactions. The ban was implemented when the People’s Bank of China said that BTC is not a real currency and is not legal compared to fiat money. The ban sees a risk of bitcoin to China’s financial stability and capitalisation controls. But today, China is the biggest bitcoin trader with over 80% of the world’s bitcoin transactions happening in china.

Bitcoin regaining credibility and traction – January 2014

Elliptic, a Bitcoin storage service provider, launched the first bitcoin storage insurance service for business clients. Bitcoins stored in Elliptic are insured by Fortune 100, an insurance company, and are held in full reserve. Which means, Elliptic does not use their clients’ bitcoins for reinvestments, instead they keep them securely in a cold deep storage.

The first online retailer to accept bitcoin payments in the US was and is still one of the biggest companies today that embrace BTC.

February 2014

Bitcoin was classified as private assets by HMRC which means that mining and trading of bitcoin is exempted to VAT. This treatment to bitcoin wallet has been one of the most important and most progressive. UK government played an important role to bitcoin taxation for its comprehensive and forward thinking towards it.

June 2014

When Silk Road, the illegal online market that sells illicit drugs, seized by the US government, the exploited 29,000 bitcoins was then auctioned. This case gave an understanding on the potential uses of bitcoins to the BTC community. Also, the seizure and the bitcoin auction has remained Bitcoin’s legitimacy. This means that bitcoin will nevee be considered as the currency for crimibals. Although bitcoin remains to gave anonymous transactions, user’s identity can often still be established.

July 2014

The New York State Financial Services Department released the first draft of its proposed regulation for digital currencies. Also, the European Banking Authority had their opinion that virtual currency exchanges should comply requirements on AML or Anti-money laundering and Counter-terrorist financing.

Also, in the same month, Global Advisors Bitcoin Investment Fund (GABI) launched the world’s first Investment fund for BTC.

August 2014

George Osborne Exchequer’s Chancellor showed support to bitcoin by purchasing £20 worth of BTC. He also anniunced that HM Treasury calls for Information in digital currencies, giving bitcoin businesses the chance to give comments on the benefits and risks and the possibility to influence government policy in the future.

December 2014

Microsoft started accepting BTC payments. This paved the way for powerful integration on one of the biggest leaders in technology.

January 2015

The NYSE (New York Stock Exchange) invested on Coinbase’s $75 million funding round aiming to reach the new asset class with security, transparency and confidence to BTC.

Bitcoin in the future

Bitcoin continues to go its way to a widespread and legitimate adoption by major institutions by having solid regulations. New York’s BitLicense lately has been the world’s first digital currency regulatory jurisdiction. European Banking Authority and European Central Bank have also released legalities and regulation of the industry by the EU to have more control on price changes.

Also, Bitcoin already made its way to the financial influences with HM Treasury’s reports regarding anti-money laundering (AML), consumer protection and standardisation for UK bitcoin companies. In result, more and more financial services will be engaged with the bitcoin technology.

How is Bitcoin being used

Bitcoin is a digital money. It is used to buy any products and services electronically. You can sign in an account from a number of bitcoin wallet services online such as There are three major ways to obtain bitcoins. First is by buying them from a bitcoin exchange. Secondly is by selling goods and services in exchange for them. Third is through bitcoin mining where you use a software to verify bitcoin transactions. Of course the simplest way is to buy them using fiat money.

In bitcoin transactions, the sender usually enters his bitcoin address to pay a certain amount of bitcoin and a private key. It depends upon the interface of the website you are visiting. Also there are companies now that offers ATM cards to let users buy items at real physical stores that accept bitcoin. The ATM card is linked to their bitcoin wallet account online. 2014 was already a great year for Bitcoin. You can go for freewallet Bitcoin wallet.

There is a lot of promise this virtual money can offer. If regulated properly and tightly, this could lead to more good things than what we expect for.


Essential Services for the Contractor

So many businesses outsource and this puts contractors in high demand, and whether you are a scaffolder or a MIG welder, your goal is to deliver the best possible service to your clients. The best contract accountants in East London offer tailored services that every contractor needs, and with their help, you can really focus on expanding the business, and you won’t fall behind with VAT or tax.

  • Taxation – Contractors have to pay tax, just like everyone else, and with an accountant who is used to preparing contractors’ tax returns, you can be sure he will minimise your payments whenever possible.
  • VAT Registration – Once you are VAT registered, your accountant can keep track of things, and with the VAT going into a separate account, you will not get mixed up, and your returns will be submitted on time.
  • Claiming for Expenses – You can easily lose out if you are not on the ball regarding keeping a track on your business expenses, but with a contractor’s accountant in your corner, you won’t experience unclaimed costs.
  • Business Formation – Whether a sole trader or a partnership, there are several ways to form a business, and with expert advice, you will be making all the right decisions. Setting the company up in the right way provides you with a solid platform for expansion, and as you expand, the accountant is there to make sure you take the right direction.

It makes sense to delegate, and all of your administration can be handled by a contractor’s accountant, while you devote all of your energy to winning contracts.