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Dear Customer,
We regret to inform you that BTCXIndia is closing down it's bitcoin trading platform as of 20th of May 2015.
We have today been informed by our bank that they will no longer serve bitcoin businesses. We have investigated the possibility to operate through other banks, but it seems this is a general policy in India as of today.
Without a bank account, we can no longer operate as a business and we are thus forced to close operations.
BTCXIndia launched in May 2014 with the aim to offer a regulatory compliant trading platform, and have since served customers without any issues. We have been in close contact with banks and authorities to ensure we are as legally compliant as possible in a new industry, and today's news comes as a big shock to us all.
Business will conduct as normal until 20th of May, and we urge customers to withdraw all funds before this date. BTCXIndia apologises for bringing you these news, but the decision has been made is outside of our control.
Once the regulatory situation has become clear in India, we hope to once again open for trading. Until then, we would like to thank you for your business and support.
Sincerely,
BTCXIndia
We regret to inform you that BTCXIndia is closing down it's bitcoin trading platform as of 20th of May 2015.
We have today been informed by our bank that they will no longer serve bitcoin businesses. We have investigated the possibility to operate through other banks, but it seems this is a general policy in India as of today.
Without a bank account, we can no longer operate as a business and we are thus forced to close operations.
BTCXIndia launched in May 2014 with the aim to offer a regulatory compliant trading platform, and have since served customers without any issues. We have been in close contact with banks and authorities to ensure we are as legally compliant as possible in a new industry, and today's news comes as a big shock to us all.
Business will conduct as normal until 20th of May, and we urge customers to withdraw all funds before this date. BTCXIndia apologises for bringing you these news, but the decision has been made is outside of our control.
Once the regulatory situation has become clear in India, we hope to once again open for trading. Until then, we would like to thank you for your business and support.
Sincerely,
BTCXIndia