Here is what BuySellbitco.in owner Mahin Gupta said on India forum regarding the raid and aftermaths...
Wou.. Never thought on this perspective of users.
Regards
Lol, Some are quite stupid.
They just read 3 lines in some text and think that they have some common sense to decipher the rest.
That post is a darn good example to show that common sense is not very common.
It could be a sock puppet account as well.
Its easy to ridicule others. But at the end of the day we haven't seen those two exchanges back up and running. Audit might not be the reason.... But Nation wants an answer...What happened? (Arnab Style...Pun Intended)
It was quite easy to ridicule this one tbh..
Like I said...the reason might not have been audits. But at the end of the day, neither of the two exchanges are back.
It has been an opportunity served on the platter for unocoin, who have seized the opportunity to gain the market share.
One question that keeps coming back is...if buysellbitcoin and inrbtc were perfectly well established businesses, why did they not open back up?
If there was something wrong with dealing in Bitcoins, how come unocoin can perform the same activity as a legitimate business?
I wish I could have answered that, but never mind. But thanks for pointing out this side of perspective as we have learned that at least few people are thinking on this line. During whole incident we learned lot of things including how business competition works, how media can be used and how some one can say a lot without saying anything
Just to give some light on the future plans, we are still working on things and hopefully we will be able to release our next product soon ( We are delayed by 2 months as of now ). We were the first in India to provide bitcoin accessibility conveniently to general people and let me tell you this today, you will not find a single person having bad experience, not a single complaint ( except out of stock issues ) with us and on top of it, every person on this forum before Jan this month have used/interacted with buysellbitcoin in some capacity. But here I can only say one thing, we are here and we are here for good. Hopefully our new product will also receive same love and respect from the community.
Regards
When the famous bitcoin raids happened in december last year by Enforcement directorate for money laundering offences, other 2 exchanges shut down and are still not functional but unocoin.com is was clean in their audit and the only exchange in india for bitcoin right now.
Wou.. Never thought on this perspective of users.
Regards
Lol, Some are quite stupid.
They just read 3 lines in some text and think that they have some common sense to decipher the rest.
That post is a darn good example to show that common sense is not very common.
It could be a sock puppet account as well.
Its easy to ridicule others. But at the end of the day we haven't seen those two exchanges back up and running. Audit might not be the reason.... But Nation wants an answer...What happened? (Arnab Style...Pun Intended)
It was quite easy to ridicule this one tbh..
Like I said...the reason might not have been audits. But at the end of the day, neither of the two exchanges are back.
It has been an opportunity served on the platter for unocoin, who have seized the opportunity to gain the market share.
One question that keeps coming back is...if buysellbitcoin and inrbtc were perfectly well established businesses, why did they not open back up?
If there was something wrong with dealing in Bitcoins, how come unocoin can perform the same activity as a legitimate business?
I wish I could have answered that, but never mind. But thanks for pointing out this side of perspective as we have learned that at least few people are thinking on this line. During whole incident we learned lot of things including how business competition works, how media can be used and how some one can say a lot without saying anything
Just to give some light on the future plans, we are still working on things and hopefully we will be able to release our next product soon ( We are delayed by 2 months as of now ). We were the first in India to provide bitcoin accessibility conveniently to general people and let me tell you this today, you will not find a single person having bad experience, not a single complaint ( except out of stock issues ) with us and on top of it, every person on this forum before Jan this month have used/interacted with buysellbitcoin in some capacity. But here I can only say one thing, we are here and we are here for good. Hopefully our new product will also receive same love and respect from the community.
Regards
Ohhhh well I do see that there have been posts in this regard, in the past,
But I still fail to understand on what basis could the police raid without any proofs, and shut the exchange down.
This is a serious threat to any bitcoin business in India
