This came on the front page of TOI

http://www.ndtv.com/india-news/wipro-gets-bio-attack-threat-email-500-crores-in-bitcoin-demanded-1690360

All these things are just making the regulation process harder.

I second that.Without fixing their own app they started the blame game.Im looking forward to the govt. to bring up a solid regulation in place.

Although bitcointalk.org is a forum for bitcoin related discussion but is more focussed on bitcoin as a crypto rather than blockchain,whereas www.blockchainforum.info is a worldwide discussion board for blockchain technology and related projects.In there u can also find some hundred odd members from leading IT firms helping and getting helped on this new technology.U may also look into latest blockchain related dev jobs posted by various employers.Hope this info helps.

From the response itself it's pretty clear about his stand on bitcoin and its users.
This is the reason I never used centralized exchanges and stick to Localbitcoins and otc for all trade deals.The focus is always being anonymous.
Never used or asked for ID Pan etc.

Can somebody list the names of the ministers who would be likely in the panel?

I truly agree with the above statement.
Two things:

•If community wants the regulation in an asset class then it's hard since we all are aware of the volatility of the bitcoin markets.

•If as a cryptocutrency then there's FEMA in place.

Proper regulation is tough considering US and Russia's current stand on bitcoin unless there exist high lobbying.

The worst thing is that media is covering this news.
Lets recollect that bitcoin has also been termed illegal in the US but there's still some businesses like Coinbase,Gemini running in some states.In my opinion this was awaited as this country follows western approach towards every decision making process.My thought of what will happen is that in future there will be lobbying with the govt. by big exchanges and business may move to other states where laws are flexible.

So it's not only me.Nice to see other guys are also with me.
I also used debit card.
85k is substantial amount to raise an alarm bell for the company but as he mentioned there's no such notice from them yet.

It won't be a problem unless the whole history of transaction have been reversed.
Just got another 12k.
I think a company's lossing $20k to a single person will be a huge loss.

I created an account on cex.io parent company ghash.io,in order to buy some btc using debit card during the days when the difference between international price and Indian price was 18%.Yesterday to my surprise I found the debit card transactions have been reversed to a sum of $2000.

Now I'm wondering what went wrong between my bank and cex.io or it was a deliberate action from the company since they might have run into some regulatory problem.Im waiting for a response from them.One such reversed transaction is:
http://imgur.com/KKbL3xG

PS: The reversed amount is a very small part of many transactions I have done with them and if all the transactions are reversed it may add upto $20000.

$5bn erased out of the market since I posted it.

Bitcoin hits $17bn market cap.How much is the Indian share of the total market cap?

I must say pls do your prior checking with the seller of paytm before accepting such deals.I sometimes happen to get offers of buying 1 Bitcoin with paytm.Who will load such an amount in paytm with upgraded account? Though most of the debit card transactions is safe but still I would insist to trade with reputed members.
Regards

Good to learn that our dear members are finding alternative currencies profitable as mining perspective.I would not be surprised if there are a few big mining operations coming up in the country or at least a pool operation.

I believe there would be different views and opinions but I want to focus on the core features which u would want to see in an exchange.
Comments are welcome.

Few things I learnt while opening an account for the sole purpose of buying bitcoins internationally
- Wire funds takes 3-5 days and sometimes a week to reach the recepient account.There is a risk of getting it lost.
- The best money transfer service in the country like Western Union or Moneygram is inward remittance service and not outward.
- The largest private bank in India let's u send up to $25000 dollar in a month only for the following purposes only:
Education abroad
Emigration fees
Employment abroad
Maintenance of close relative
Medical treatment
Police verification
Private visit abroad
Personal Gift
Donation
Remittance to own account abroad for placing of deposit

- PayPal doesn't allow transaction based on cryptocurrency.If u transact highly they might get your account limited.
- Other foreign exchanges does allow buying using debit card but often have lesser limits.

What I did find is that business entities can engage in cross border buying bitcoins from other business peers with a capacity of high volume transaction.Benson can guide u in a better way.

Let me add something to the ongoing discussion:

Demand>>Supply

There is not a viable channel to buy bitcoins from existing international exchanges like bitstamp because wire transfer is cumbersome and a time taking process.

Going by the pace of awareness of Bitcoin in India;For instance, a random guy behind me in the queue of Stan C ATM enquiried about Bitcoin price while I was surfing localbitcoins and other instance where I got a call from a Surat guy asking for help regarding finding customers for his Bitcoin business dealing with old rather invalid currency notes made me realize that at a certain time if it highly likely that Bitcoin will come in the purview of the democrats as a safe haven for stashing black money.So there would exist three possibilities:
- RBI will start regulating Bitcoin
- Bitcoin may be banned in India
- Bitcoin community in India decides whether to deal with cash or not to keep a safer practice for trade.

Your views are welcome.

Just stumbled upon this ad on Facebook about some random company called BitcoinJoy

My question to the community is Is accepting cash good for a bitcoin business and the Bitcoin ecosystem in the country?
Pls share ur views

This is a very good idea.Please share his/her instagram handle so that we can also check your friend's store and stocks.