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We have been diversifying our business with interests in Blockchain technology(Ethereum) and other Crypto pairs.
In this lines we have started ETHEXIndia, India's first Ether exchange in 2016 and have been successfully running the business.
We are launching other crypto pairs via BTCXIndia in place of BTC/INR pair under the same brand.
We continue our endeavor with new blockchain initiative, S Chain Labs and we are in the process of setting up the infrastructure at Vizag Fintech Tower.
Regarding BTC/INR pair, we have been asking our customers to withdraw the funds and almost all the funds have been withdrawn. Few of the customers with open orders/deposits have been notified and we are ensuring they withdraw the funds. This withdrawal process may take few more days. Once BTC/INR withdrawal process is complete we will launch the other crypto pairs.
As explained above, it can be observed that there is no case of shutting down of BTCXIndia. In future, we may rename the BTCXIndia brand(where in BTC refers to Bitcoin here) to make it more suitable with the new crypto pairs. The anatomy of the company essentially remains the same.
Hope all the doubts have been answered. Still if any, please contact our Support.
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In the Indian Bitcoin ecosystem there were three associations so far by the names: Bitcoin India Allince Bitcoin Allinace of India Bitcoin Association Can anyone tell the status of the above three associations which have been formed by the three big exchanges/companies in India? Now the fourth one has formed. It has to be noted that BTCXIndia first drafted the guidelines and then started the exchange/operations. BTCXIndia KYC/AML guidelines here: https://btcxindia.com/downloads/BTCXINDIA-KYC-AML-procedures.pdfA review of BTCXIndia's KYC/AML guidelines by Financial Crime Asia https://financialcrimeasia.wordpress.com/2014/02/03/indian-bitcoin-exchange-produces-kycaml-guidance/BTCXIndia is committed to the best customer service and holds highest regard among its customers. There was never a case of loosing a penny by anyone of our 30 thousand customers. BTCXIndia ensures that the BTC/INR transactions done by any of the customers will be automatically reverted to their respective bank accounts/wallets and are duly notified. Any kind of baiting will not be tolerated by BTCXIndia. BTCXIndia is not very active in bitcointalk.org. It has also to be noted that not answering the comments mean all those comments are accepted, |
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Very interesting concept. I guess arbitrage opportunities will dry out quickly because of this.  Arbitrage is the market activity; It will always give an opportunity and never dry out. Check the traditional exchanges of NSE and BSE or check the international Bitcoin exchanges. Not only Bitcoin or stocks ; arbitrage is given an opportunity in any market/in any commodity/good in the world. |
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Great work; website is clean and informative.
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Service had a major update . Introducing first time in bitcoin Instant Search Now you can search and view aggregate balance/txs of your addresses on the fly without pressing search button  We had minor disruptions last week due to spam txs in mempool and other backend issues. We apologize for these issues. These issues have now been addressed and you should enjoy a fast and uninterrupted service. Thanks again for using blockonomics and supporting us |
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Indian techies ( IITians & IIITians not SCALAS) are in to Blockchain technology; good news.All the best for your future endeavours.
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No. I am not day dreaming.
Nope it's not possible. ETF means exchange traded fund and Bitcoin not listed on any registered exchange. I am well aware that bitcoin is not listed on NSE/BSE and hence I talked about 'launch'. I was not only talking about NSE/BSE, BTC not listed on any registered exchange in world if I am right. P.S. before sending proposal to SEBI about ETF, fund house need to take permission from RBI. SEBI has to clear the ETF's based on underlying asset.I said if SEBI considers then you can list at exchanges.
Till date no fund house( As per the SEBI guidelines only fund houses can able to issue ETF's) approached to SEBI for issuing ETFs.If some one approaches to SEBI , then we come to know the status.
I am talking about if a few big holders can create a fund house and approach SEBI like Winklevoss twins aproached FinCen. Do you think it is really easy to make/create fund house. There is so many restriction and eligiblities criteria for become fund house even if you fulfill all it will take 1-3 years for approval. Fund house has to registered with RBI as a NBFC; need not required permission from RBI. You are true it will take at least 1 year to get it approval but creating the fund house is not a big deal for corporate houses. |
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No. I am not day dreaming.
No. I am not day dreaming.
Nope it's not possible. ETF means exchange traded fund and Bitcoin not listed on any registered exchange. I am well aware that bitcoin is not listed on NSE/BSE and hence I talked about 'launch'. SEBI has to clear the ETF's based on underlying asset.I said if SEBI considers then you can list at exchanges.
Till date no fund house( As per the SEBI guidelines only fund houses can able to issue ETF's) approached to SEBI for issuing ETFs.If some one approaches to SEBI , then we come to know the status.
I am talking about if a few big holders can create a fund house and approach SEBI like Winklevoss twins aproached FinCen. Possible. |
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SEBI has to clear the ETF's based on underlying asset.I said if SEBI considers then you can list at exchanges.
Till date no fund house( As per the SEBI guidelines only fund houses can able to issue ETF's) approached to SEBI for issuing ETFs.If some one approaches to SEBI , then we come to know the status.
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Yes ,its possible to launch in stock exchanges; if Bitcoin considers as an asset/commodity/security by regulatory bodies then you can launch in NSE/BSE.
ETF definition: An ETF, or exchange traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund.
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As previously communicated, BTCXIndia is as of today no longer operating a bitcoin trading platform. The site will remain open as a free of charge bitcoin wallet service, and we are working hard to liaise with our banking partners and banking authorities to ensure that we can re-open trading in the near future.
We would like to extend a big thanks to all our customers for your support and patience with our operations being closed down. We hope to see you back trading with us as soon as we are able to re-open business.
Sincerely,
BTCXIndia
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On the other hand i know the story behind the compliance document of btcxindia - so you better do not talk about it now.
Here I am providing our compliance officer certificate; certified by IIBF  |
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Hi all, Kamesh here, CEO of BTCXIndia.
I hear lots of upset voices, but trust me, no one is more upset then we are. Our staff are losing their jobs, and we are losing what we spent lots of money and effort building during the last 18 months. We have the most to lose by closing down, so I can assure you we have explored all options.
We will not comment in more detail on this until we have unwound operations, instead we are focusing on paying out remaining balances to customers and ensuring they can liquidate their positions.
I've personally been involved in the Indian bitcoin space since 2013, and want nothing more than for it to thrive. If Unocoin and CoinSecure can continue operations that's great, and I wish you both the best of luck. And rest assure BTCXIndia will be back competing with you soon again!
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Today we have launched a new-look BTCXIndia mobile website optimised for smart phones and smaller tablets, in the first step towards a responsive website. Use of mobiles and tablets is increasing fast with almost 20% of visits to btcxindia.comnow coming through handheld devices. We want our mobile and tablet traders to have the best possible experience when using the BTCXIndia website on smaller screens. Therefore, after several weeks of development, we are delighted to announce the launch of our new responsive mobile website. We have rebuilt our mobile site from the ground up, focusing on improving trader experience, easy to fill online KYC form, reliability and fast transactions. Our aim is to provide the best user experience for trading, whatever your device Experience The site is designed to provide a better trading experience, with a focus on simple and easy to understand user interface. On any mobile device, you will be presented with a clear view of the Signup, KYC form, Trade and Transactions with minimal distraction. On our new Homepage, Trade and Transaction pages, we hope providing more detail for each of the webpage in the form of a headline and description. - See more at: http://blog.btcxindia.com/btcxindia-launches-new-mobile-site/ |
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