oh well, the rules and regulations are too tight and sadly we cannot comply with them if we open this exchange.. and we don't want to get into a legal mess because of that, so sorry guys, but the exchange cannot happen.
But,
we will launch a store with which you can purchase physical goods with bitcoins and INR (cash on delivery / bank transfer)
Thanks for the support on the way and hopefully our store will be a success..
Original Topic :Me and my friend plan to launch a Bitcoin exchange to buy and sell bitcoins in India,
Currently this is what we'll offer,
1. It'll just have buy and sell options and no trading like Mt.Gox and the other exchanges
2. Payment in INR only via WesternUnion or any other "cash-in-hand" way (we may add other options if they are easy to access)
3. Low fee, and near to Mt. Gox rates in INR
What we plan to offer soon,
1. Direct deposit via bank / NEFT
2. Live BTC/INR Trading
So, we need your feedback guys,
1. Do the features we currently offer now make it worth using ? as we have done most (at least 60%) of the code ready (just the theme work has to be done to be honest)
Looking forward to your feedback guys !
Thanks!!