Topic: Popular Bitcoin Exchanges in India Shut Down (Read 3319 times)
I would like to know about it too.Any experience with this site?
@ Benson, so are they Shut Down for good? No Hope for Indian's to buy BTC / LTC from India?
Anyone in Bangalore who is interested in selling LTC at the moment? would like to buy some in person
, PM and we can meet up.
Regards
Mining Master
Anyone in Bangalore who is interested in selling LTC at the moment? would like to buy some in person
, PM and we can meet up.Regards
Mining Master
Not shut down for good, but will be back with a 'new' business around Bitcoin, I hear.
@ Benson, so are they Shut Down for good? No Hope for Indian's to buy BTC / LTC from India?
Anyone in Bangalore who is interested in selling LTC at the moment? would like to buy some in person, PM and we can meet up.
Regards
Mining Master
Anyone in Bangalore who is interested in selling LTC at the moment? would like to buy some in person
, PM and we can meet up.Regards
Mining Master
Hi everyone, finally my first post!!! (been following many topics on this forum, finally decided to join the bandwagon)
@buysellbitco.in , any updates when we can expect the service to resume? wanted to buy Bitcoin / Litecoin soon.
Regards
Mining Master
@buysellbitco.in , any updates when we can expect the service to resume? wanted to buy Bitcoin / Litecoin soon.
Regards
Mining Master
I do not believe that the same service will come back up.
Hi everyone, finally my first post!!! (been following many topics on this forum, finally decided to join the bandwagon)
@buysellbitco.in , any updates when we can expect the service to resume? wanted to buy Bitcoin / Litecoin soon.
Regards
Mining Master
@buysellbitco.in , any updates when we can expect the service to resume? wanted to buy Bitcoin / Litecoin soon.
Regards
Mining Master
hopefully buysellbitco will come out with a statement very soon
So does anyone has any updates about buysellbitco.in?
Very very reliable source says that nothing has happened. No charges, no problems, etc...
This is good to hear. BUT why have they not resumed their service?
Spooked!
So does anyone has any updates about buysellbitco.in?
Very very reliable source says that nothing has happened. No charges, no problems, etc...
This is good to hear. BUT why have they not resumed their service?
So does anyone has any updates about buysellbitco.in?
Very very reliable source says that nothing has happened. No charges, no problems, etc...
Hope something good comes out of all this confusions (At-least it gave us free publicity
) So does anyone has any updates about buysellbitco.in?
Very very reliable source says that nothing has happened. No charges, no problems, etc...
So does anyone has any updates about buysellbitco.in?
I have sent an email to Aadhar development team for access to their Authentication system on 24th Dec, but I have not received any response so far. They are currently running it on a trial basis. If any of you can get me an intro that would be a good way to start.
API for UID Know Your Customer
Hey why is it that Localbitcoin has not suspended their services and wait for RBI's further clarification. Or anyone expects that soon they would also follow the same?
its not a indian company
It's also not an exchange, people directly buy/sell to each other with them acting as escrow. The irony is that it is easier to launder because you can buy and maintain your anonymity and not even use bank for your transactions.
Hey why is it that Localbitcoin has not suspended their services and wait for RBI's further clarification. Or anyone expects that soon they would also follow the same?
its not a indian company
Yeh they are something like INRBTC, escrow based.
Based out of India the RBI ruling does not effect them , Infact it should not effect INRBTC as they dont directly transact in INR.
INRBTC should be ok to start business as they dont deal anything in BTC
We are trying to figure out the best way to protect them. I have sent an email to Aadhar development team for access to their Authentication system on 24th Dec, but I have not received any response so far. They are currently running it on a trial basis. If any of you can get me an intro that would be a good way to start.
Will help you get into that
Yeh they are something like INRBTC, escrow based.
Based out of India the RBI ruling does not effect them , Infact it should not effect INRBTC as they dont directly transact in INR.
INRBTC should be ok to start business as they dont deal anything in BTC
Yes, INRBTC.com does not take FIAT money. We take commission in bitcoins. It is the users who use the services of INRBTC.com who need protection from legal exposure. As they will be dealing with counter-parties, they need to be assured that the counter-parties are known entities.
We are trying to figure out the best way to protect them. I have sent an email to Aadhar development team for access to their Authentication system on 24th Dec, but I have not received any response so far. They are currently running it on a trial basis. If any of you can get me an intro that would be a good way to start.
As all Aadhar holders are verified by the Government for Identity and Address proof, anybody who holds a valid Aadhar card can transact with any other Aadhar holder. At the same time, we do not need to take and store idendity and Address proof of each individual.
With Aadhar Authentication system, the dual goal of protecting user's idendity and authenticating them can done. This process will also solve the RBI's caution wherein the Users will not deal with anonymous parties.
well you have a competitor https://www.bitquick.in/ who can operate in the country without any interference, they dont even need you to signup or give out any details, every thing is done through emails. i would suggest you to use the pan cards for Auth. and the KYC document requirement and store it with you. let the users do the transactions with the banking details. access to the Aadhar system may take a longer time.
Yeh they are something like INRBTC, escrow based.
Based out of India the RBI ruling does not effect them , Infact it should not effect INRBTC as they dont directly transact in INR.
INRBTC should be ok to start business as they dont deal anything in BTC
Yes, INRBTC.com does not take FIAT money. We take commission in bitcoins. It is the users who use the services of INRBTC.com who need protection from legal exposure. As they will be dealing with counter-parties, they need to be assured that the counter-parties are known entities.
We are trying to figure out the best way to protect them. I have sent an email to Aadhar development team for access to their Authentication system on 24th Dec, but I have not received any response so far. They are currently running it on a trial basis. If any of you can get me an intro that would be a good way to start.
As all Aadhar holders are verified by the Government for Identity and Address proof, anybody who holds a valid Aadhar card can transact with any other Aadhar holder. At the same time, we do not need to take and store idendity and Address proof of each individual.
With Aadhar Authentication system, the dual goal of protecting user's idendity and authenticating them can done. This process will also solve the RBI's caution wherein the Users will not deal with anonymous parties.
Yeh they are something like INRBTC, escrow based.
Based out of India the RBI ruling does not effect them , Infact it should not effect INRBTC as they dont directly transact in INR.
INRBTC should be ok to start business as they dont deal anything in BTC
@sidjourn,
As buysellbitcoin, has already confirmed that it is a temporary suspension and not a permanent shutdown, Could you change this thread title to "Popular Bitcoin Exchanges in India are temporarily suspended" ?
As buysellbitcoin, has already confirmed that it is a temporary suspension and not a permanent shutdown, Could you change this thread title to "Popular Bitcoin Exchanges in India are temporarily suspended" ?
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