Mr.Snehal Patil,CEO & Founder,Corporate & Technology Counsel
Ind US Counsel-A Silicon Valley Law Firm addressing the invitees.

INDO AMERICAN CHAMBER OF COMERCE (IACC) ORGANISED A PROGRAMME -FINANCING A SILICON VALLEY START UP-CROWD FUNDING,BITCOINS.

Crowd Funding:
It is a method of raising capital through 
# Collective effort of friends,family,customers & individual investors.
# Uses Social Media.
Mr.Snehal Patil says while raising capital,one must follow Federal/SEC Regulations and 
also State"Blue Sky Laws".

BITcoins: It is a decentralised digital currency.It uses open source Technology.
Not physically minted or printed.Currently 13 million are under circulation.

Internal Revenue Services (IRS) of USA clasifies Bitcoins as a Capital Asset 
(Not a Currency).USA does not treat Bitcoins as a "Legal Tender".
It is legal to buy / sell & own Bitcoins in the USA.