Topic: AxisBank Tweets About Bitcoin ATM (Read 2577 times)

Quote from: polynesia on July 25, 2014, 08:39:15 PM

Quote from: BitCoinDream on July 27, 2014, 09:05:58 AM

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.

cola is not virtual currency Tongue

Cola is not available at ATMs. ATMs must follow RBI norms as it deals with bank accounts which comes under the govt norms. Cola vending machines are free to accept Bitcoin against Cola. Then the problem goes to the Cola company to reflect it in books.

No arguments, no points from my side... Just a link to share Tongue

https://www.youtube.com/watch?v=zlA9tXYxD8g

Now carry on guys.

Regards

Equate

hero member

Activity: 770

Merit: 500

Quote from: Equate on July 27, 2014, 09:03:20 AM

Quote from: bitcoinkerala on July 26, 2014, 09:47:43 PM

Quote from: polynesia on July 25, 2014, 08:39:15 PM

Quote from: Equate on July 27, 2014, 09:03:20 AM

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.

Cola is not related to tax evasion or illegal transactions lol.

How about HSBC ? Its still operating in India right ?

http://www.dailymail.co.uk/news/article-2230349/HSBC-accused-setting-thousands-tax-evading-accounts-Jersey-including-drugs-arms-dealers.html

http://in.reuters.com/article/2012/08/15/us-hsbc-swiss-tax-idUSBRE87E0U620120815

http://www.thehindu.com/business/Industry/hsbc-fears-significant-penalty-in-nri-tax-evasion-probe/article4696089.ece

http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html

there are tons of examples of tax evasion by the politicians and bureaucrats as well .

If u start listing out FIAT scams Bitcoin will look miniscule.

Its not about scam per se but lack of control and decentralization that comes with BTC , which is not acceptable to powerful governments.

BitCoinDream

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Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: bitcoinkerala on July 26, 2014, 09:47:43 PM

Quote from: polynesia on July 25, 2014, 08:39:15 PM

Quote from: bitcoinkerala on July 26, 2014, 09:47:43 PM

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.

Cola is not related to tax evasion or illegal transactions lol.

How about HSBC ? Its still operating in India right ?

http://www.dailymail.co.uk/news/article-2230349/HSBC-accused-setting-thousands-tax-evading-accounts-Jersey-including-drugs-arms-dealers.html

http://in.reuters.com/article/2012/08/15/us-hsbc-swiss-tax-idUSBRE87E0U620120815

http://www.thehindu.com/business/Industry/hsbc-fears-significant-penalty-in-nri-tax-evasion-probe/article4696089.ece

http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html

there are tons of examples of tax evasion by the politicians and bureaucrats as well .

If u start listing out FIAT scams Bitcoin will look miniscule.

Equate

hero member

Activity: 770

Merit: 500

Quote from: polynesia on July 25, 2014, 08:39:15 PM

Quote from: bitcoinkerala on July 26, 2014, 09:47:43 PM

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.

Cola is not related to tax evasion or illegal transactions lol.

How about HSBC ? Its still operating in India right ?

http://www.dailymail.co.uk/news/article-2230349/HSBC-accused-setting-thousands-tax-evading-accounts-Jersey-including-drugs-arms-dealers.html

http://in.reuters.com/article/2012/08/15/us-hsbc-swiss-tax-idUSBRE87E0U620120815

http://www.thehindu.com/business/Industry/hsbc-fears-significant-penalty-in-nri-tax-evasion-probe/article4696089.ece

http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html

there are tons of examples of tax evasion by the politicians and bureaucrats as well .

polynesia

legendary

Activity: 1358

Merit: 1000

How about HSBC ? Its still operating in India right ?

http://www.dailymail.co.uk/news/article-2230349/HSBC-accused-setting-thousands-tax-evading-accounts-Jersey-including-drugs-arms-dealers.html

http://in.reuters.com/article/2012/08/15/us-hsbc-swiss-tax-idUSBRE87E0U620120815

http://www.thehindu.com/business/Industry/hsbc-fears-significant-penalty-in-nri-tax-evasion-probe/article4696089.ece

http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html

Why single out HSBC? Tongue

http://www.forbes.com/sites/nathanvardi/2014/01/07/jpmorgan-chase-to-pay-1-7-billion-in-largest-bank-forfeiture-in-history-settles-criminal-madoff-charges/

http://www.marketwatch.com/story/goldman-sachs-and-bain-capital-agree-to-121-million-settlements-in-lbo-antitrust-violations-case-2014-06-11

http://online.wsj.com/news/articles/SB10000872396390444914904577619410325528148

http://www.theguardian.com/business/2014/may/19/credit-suisse-plead-guilty-criminal-charges-us-tax-evasion

bitcoinkerala

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Activity: 84

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https://btcjam.com/users/39914

Quote from: polynesia on July 25, 2014, 08:39:15 PM

Quote from: polynesia on July 25, 2014, 08:39:15 PM

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.

Cola is not related to tax evasion or illegal transactions lol.

How about HSBC ? Its still operating in India right ?

http://www.dailymail.co.uk/news/article-2230349/HSBC-accused-setting-thousands-tax-evading-accounts-Jersey-including-drugs-arms-dealers.html

http://in.reuters.com/article/2012/08/15/us-hsbc-swiss-tax-idUSBRE87E0U620120815

http://www.thehindu.com/business/Industry/hsbc-fears-significant-penalty-in-nri-tax-evasion-probe/article4696089.ece

http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html

Equate

hero member

Activity: 770

Merit: 500

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.

Cola is not related to tax evasion or illegal transactions lol.

BitCoinDream

legendary

Activity: 2394

Merit: 1216

The revolution will be digital

Quote from: polynesia on July 25, 2014, 08:39:15 PM

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.

cola is not virtual currency Tongue

Cola is not available at ATMs. ATMs must follow RBI norms as it deals with bank accounts which comes under the govt norms. Cola vending machines are free to accept Bitcoin against Cola. Then the problem goes to the Cola company to reflect it in books.

Benson Samuel

legendary

Activity: 1890

Merit: 1000

Landscaping Bitcoin for India!

Quote from: polynesia on July 25, 2014, 08:39:15 PM

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.

cola is not virtual currency Tongue

That is correct. Cola is a physical currency

polynesia

legendary

Activity: 1358

Merit: 1000

Quote from: polynesia on July 25, 2014, 08:39:15 PM

Quote from: polynesia on July 25, 2014, 08:39:15 PM

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.

cola is not virtual currency Tongue

The jury is out on bitcoin classification.
Is it a currency? Is it property? Or is it just a collectible?
The government would need to clarify this. The rest would then follow.

delhi

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Activity: 17

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I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.

cola is not virtual currency Tongue

polynesia

legendary

Activity: 1358

Merit: 1000