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I think these would only be INR based. So no immediate effect on bitcoin.
The positive bit is that RBI seems to be moving forward on regulation. It is no longer clamping down hard on anything to do with money transfer.
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Actually a lot of other things would be cool too . Exchanges are plenty , and for within India only 2-3 will do . I am also interested in starting up or working in a start up specially bitcoin related in the future. I really think something along the lines of startups in Philipines would probably get a lot of interest here in India.
Anything to do with money transfer, you have to be very careful. Too many regulations for NBFCs. |
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I never have to pay anything extra when paying online, and sometimes even get discounts. In addition the points I get on my CC allows me to get some useful vouchers from time to time.
I don't see why I will try to pay in Bitcoins.
I guess it will take some time before merchants start passing on cost savings to customers. Until then, there is nothing in it for bitcoin users. |
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I don't think this article is talking about ING in India.
Bitcoin isn't big enough in India for banks to be worried about customers using their accounts to buy bitcoins.
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polynesia, a significant number of your posts were Copy-Pasted news articles which are disqualified by the rules. However, they're being posted in a very relevant location with quality traffic. Therefore, I have removed the restriction on Copy-Paste content and will instead evaluate Copy-Pasted posts on a case-by-case manner. In your case, posting economic, bitcoin-related news in a news subforum won't get you penalized.
Thanks for the flexible rules! I would like to register for the advertiser slot. BTC Address: 16zhLekpsSVPePr4HCTxPPYxSCznJJ57y9 Posts: 1270 |
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Leaving trestor aside, Indian media understands shit about cryptocurrencies.
Before 2015, for past 5 years they were busy talking about drugs (silk road) & money lost (mtgox) everytime bitcoin's name came up and I am yet to see something that talks about blockchains, let alone bitcoin 2.0.
You forget the ponzi scheme stories.  I think we need some success stories in the Indian space for the media to get really interested and then take some effort in putting together a story. |
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Surfing the dark net for drugshttp://www.thehindu.com/news/cities/bangalore/surfing-the-dark-net-for-drugs/article7414381.eceUsage of TOR Browser – originally developed to subvert government surveillance – as well as the proliferation of bitcoin – a virtual currency – allows for easier, anonymous access to contraband.
Players in the dark net
TOR (The Onion Router) browser delivers untraceable access to the Internet by linking all the computers onto a network. By routing connections through a chain of users, the IP address of the user is kept hidden. India is estimated to have between 500,000 to 1 million daily users of this browser (Oxford Internet Institute)
Bitcoin
This cryptocurrency has no centralised authority. Encryption makes online transactions between two parties anonymous. Creation and sale of bitcoins has become a big market. One bitcoin is worth around $265 (around Rs. 16,000). It seems to be impossible to talk about the dark net without talking about Bitcoin...
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he doesnt pay any fees to his card processing merchant as well as they give so much volume to them.
I am surprised at this. Is the fee waiver temporary or permanent? Is it for debit cards or credit cards as well? It would be tough to imagine credit card companies not charging fees. |
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Tough one. The Prevention of Insults to National Honour Act specifies the following The disrespect to the Indian National flag means and includes — (f) putting any kind of inscription upon the Indian National Flag;But what do people say about this?  |
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Are tainted coins really an issue?
Use a good mixer, to obfuscate linkages. That would solve all your problems (for a small fee, of course).
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Actually yes those kind of ads will increase awareness about bitcoins and not a particular company , but if the people listening in think of buying bitcoin then they will likely go to the trading sites that are in India , and it will likely be the big companies, so only they should consider doing it.
But if it has already been done and wasn't successful , then its hard to comment if it will work.
You do have industry-wide campaigns (I can think of milk, eggs, etc), where companies pool resources and the focus is on promoting the industry, rather than a particular company. Once there are enough companies, this can be attempted. Some kind of foundation or alliance can do this in an effective way. Yes, but does any foundation exist in India currently? |
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How the people, who will lock their bitcoins in creating the ETF fund, will be benefited ?
No one knows the answer to my question ? How come the promoters of an ETF get benefited ? Please note that, I am not asking about the traders who'll trade that ETF. I am asking about the people, who lock their Gold/bitcoin in creating a Gold/bitcoin ETF. There are fund management charges (although very low). So if a lot of people invest in the fund, the people who run the fund benefit. |
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Hello, I am a Bitcoin enthusiast from the city of Coimbatore, although my native is Tirunelveli. I've known about bitcoins for 3 years, still haven't had the chance of getting some decent amount of coins. I would like to hear from fellow Tamil Bitcoin users. Tamizhandaa!! Depends on your definition of decent.  You may find more tamil people here https://bitcointalk.org/index.php?topic=528990.0 |
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Are cool downs affected?
My name is still in the badass cool down list on the OP.
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Actually yes those kind of ads will increase awareness about bitcoins and not a particular company , but if the people listening in think of buying bitcoin then they will likely go to the trading sites that are in India , and it will likely be the big companies, so only they should consider doing it.
But if it has already been done and wasn't successful , then its hard to comment if it will work.
You do have industry-wide campaigns (I can think of milk, eggs, etc), where companies pool resources and the focus is on promoting the industry, rather than a particular company. Once there are enough companies, this can be attempted. |
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