Bitcoin Forum

https://twitter.com/AxisBank/status/491097693171638273

https://twitter.com/AxisBank


what does this mean ? the tweet was given out as general info about Bitcoin ATM.. are they into Bitcoins or a new Social Media PR Intern ?
Or did my talk with the manager turned into something ?
https://bitcointalk.org/index.php?topic=701214.0

It sounds strange but may be they are considering First Bitcoin ATM in India or just to get some hype .

@AxisBank It will be great if you guys setup one in India. Thumbs up to you guys for at leats tweeting this information.

https://twitter.com/mahingupta/status/491202945799565312

Regards

Good news for bitcoin users.

It comes under the 'Monday Morning Trivia' category.
So it would be wrong to read too much into this tweet.

What is that ?

Good news for Indian BTC users. Are they establishing it?
Kindly,
       MZ

Not really... they tweeted a Vancouver Bitcoin ATM image.

Interesting titbits of information that they periodically provide.

If you look at other tweets in this category.
Wall Street, home of the New York Stock Exchange was named after a wall built by the Dutch colonists in 1653.
You can find an ATM in Antarctica!
Did you know? One of the first digital wallets or e-wallets was introduced way back in 1997!

All this might be useful for quizzing enthusiasts, but does not indicate Axis Bank's business plans.  :)

Just basic information shared to enhance readers knowledge on some particular subject , in this case that particular subject is Bitcoin ATM.
 But I don't think any bank would like to indulge as long as RBI doesn't clear its ambiguous stand on btc. Which I think is first piece of information every bitcoin supporter in India wants to know , if they provide any guidelines then we can think about the ecosystem developing in India.

With too much of enthusiasm, AXIS bank got spooked and has deleted the tweet. Probably they're now fearing an ED raide. ;D

I wish, the guy in charge of this twitter account, does not lose his job !!! :-\

That is extremely strange!  :o
I wonder why banks treat bitcoin as though it is some kind of plague.

Its because, bitcoin directly challenges their way of life (business)

true , banks don't like like anything that affects their business and control over the money.

looks like that tweet is deleted  :-\

Yeah also checked the same and I am wondering why they deleted it .

I think somebody just got excited a bit and thought it would be a good idea to get some attention.

I doubt any ATM is possible now. The rules are still murky, and the pace at things move here I am not expecting anything anytime soon.

They posted it as a morning trivia, which had nothing to do with establishing Bitcoin ATM in India. But, given the undue attention they gained from that tweet, they got spooked and deleted... SIMPLE !!! :D

Maybe it was just about ATM itself, not much about their interest in getting into Bitcoins or allowing them in their world. I think all Tweets about bitcoin it self can be related only to the nature of Tweets - beeing heard somewhere in the world with a specific point, marketing.

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.  :)

cola is not virtual currency :P

The jury is out on bitcoin classification.
Is it a currency? Is it property? Or is it just a collectible?
The government would need to clarify this. The rest would then follow.

That is correct. Cola is a physical currency :)

Cola is not available at ATMs. ATMs must follow RBI norms as it deals with bank accounts which comes under the govt norms. Cola vending machines are free to accept Bitcoin against Cola. Then the problem goes to the Cola company to reflect it in books.

Cola is not related to tax evasion or illegal transactions lol.

How about HSBC ? Its still operating in India right ?

http://www.dailymail.co.uk/news/article-2230349/HSBC-accused-setting-thousands-tax-evading-accounts-Jersey-including-drugs-arms-dealers.html

http://in.reuters.com/article/2012/08/15/us-hsbc-swiss-tax-idUSBRE87E0U620120815

http://www.thehindu.com/business/Industry/hsbc-fears-significant-penalty-in-nri-tax-evasion-probe/article4696089.ece

http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html

Why single out HSBC? :P

http://www.forbes.com/sites/nathanvardi/2014/01/07/jpmorgan-chase-to-pay-1-7-billion-in-largest-bank-forfeiture-in-history-settles-criminal-madoff-charges/

http://www.marketwatch.com/story/goldman-sachs-and-bain-capital-agree-to-121-million-settlements-in-lbo-antitrust-violations-case-2014-06-11

http://online.wsj.com/news/articles/SB10000872396390444914904577619410325528148

http://www.theguardian.com/business/2014/may/19/credit-suisse-plead-guilty-criminal-charges-us-tax-evasion

there are tons of examples of tax evasion by the politicians and bureaucrats as well .

If u start listing out FIAT scams Bitcoin will look miniscule.

Its not about scam per se but lack of control and decentralization that comes with BTC , which is not acceptable to powerful governments.

No arguments, no points from my side... Just a link to share :P
https://www.youtube.com/watch?v=zlA9tXYxD8g

Now carry on guys.

Regards