Topic: Cash Deposit Network or Prepaid Card Service for Bitcoin in India - page 3. (Read 5371 times)
December 07, 2012, 01:46:53 AM
Talk to gold shops?
December 07, 2012, 01:21:08 AM
yes this i what i proposed in the previous post to define it as a product from the traders view point , and the customers can decide to use that product as he sees fit. , in my view this would not be in conflict to any laws. and also the bitcoin block chain contains transaction details. so setuping up shop would not be that much of a problem.
December 06, 2012, 11:15:02 PM
very interesting.
However, i cannot bring myself to read a document full of text.
Neither can i understand any text describing government regulations and definitions, etc.
What licenses would be required to set up a "shop" or a "company" to sell bitcoin as a "digital product" for "personal use", and be able to accept cash deposits into a bank account registered with that "shop"/"company".
Is this a legal way of selling bitcoin? Considering the indian government does not have a definition of what bitcoin is, perhaps we can define it ourselves as a "product", falling under the "digital" category, and find a way to fit it into the definition set by the government ( if there is one ).
However, i cannot bring myself to read a document full of text.
Neither can i understand any text describing government regulations and definitions, etc.
What licenses would be required to set up a "shop" or a "company" to sell bitcoin as a "digital product" for "personal use", and be able to accept cash deposits into a bank account registered with that "shop"/"company".
Is this a legal way of selling bitcoin? Considering the indian government does not have a definition of what bitcoin is, perhaps we can define it ourselves as a "product", falling under the "digital" category, and find a way to fit it into the definition set by the government ( if there is one ).
December 06, 2012, 07:35:07 AM
This is a good initiative.
Sunny is a person who can make this kind of initiative work.
Sunny is a person who can make this kind of initiative work.
December 05, 2012, 09:42:58 PM
have you started your network, how big is it , and how reliable is the vendors you have?
November 07, 2012, 12:15:42 AM
Looking for merchants and vendors who want to setup a cash deposit network for Bitcoin in India.
A cash deposit network is a company that allows payments by depositing cash for Bitcoin at various locations. Another option maybe to work through merchants who sell pre-paid card services that may be redeemed through BitInstant. If you are an existing vendor or merchant interested in the Bitcoin economy, read the following:
click here: http://unocoin.com/2012/11/07/cash-deposit-network-or-prepaid-card-service-for-bitcoin-in-india/
A cash deposit network is a company that allows payments by depositing cash for Bitcoin at various locations. Another option maybe to work through merchants who sell pre-paid card services that may be redeemed through BitInstant. If you are an existing vendor or merchant interested in the Bitcoin economy, read the following:
click here: http://unocoin.com/2012/11/07/cash-deposit-network-or-prepaid-card-service-for-bitcoin-in-india/
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