This weekend, Sathvik Vishwanath, CEO & co-founder of Unocoin, is doing an AMA on r/CryptoIndia community. AMA will last till Sunday. Ask out your questions.

https://www.reddit.com/r/CryptoIndia/comments/sk85r5/ask_me_anything_by_sathvik_vishwanath_the_ceo_and/

[Source]

Source: https://www.reddit.com/r/CryptoIndia/comments/r3a5uy/questions_that_are_going_to_be_pitched_in_front/

Source: https://www.reddit.com/r/CryptoIndia/comments/qv8eiv/ban_on_crypto/

[Details]

Following mails were received by https://www.reddit.com/user/pradhansangam1 for his Crypto related transaction enquiry to HDFC



Details: https://www.reddit.com/r/CryptoIndia/comments/qgnea7/hdfc_crypto_not_allowed_i_received_a_mail_from/




Details: https://www.reddit.com/r/CryptoIndia/comments/qx7pxd/hdfc_reply_on_crypto_use_for_fund_transfer/

[Happy Independence Day folks.]

Happy Independence Day folks.

Participate in India's fastest growing Telegram Community @ https://t.me/CryptoIndiaUnited and subscribe to our Reddit Sub @ https://www.reddit.com/r/CryptoIndia.

If you are a Sr. Member/Hero Member/Legendary, who is not subscribed to any paid signature campaign, you may wear the following signature to spread awareness on BitcoinTalk.

Crypto India | Telegram: @CryptoIndiaUnited | Reddit: r/CryptoIndia

Code:

[center][size=18pt][b][color=orange]Crypto India[/color] [color=black]|[/color] [url=https://t.me/CryptoIndiaUnited][color=navy]Telegram: @CryptoIndiaUnited[/color][/url] [color=black]|[/color] [url=https://www.reddit.com/r/CryptoIndia/][color=green]Reddit: r/CryptoIndia[/color][/url][/b][/size][/center]

Today, Union Minister of State for Finance & Corporate Affairs, India, Mr. Anurag Thakur, spoke about CryptoCurrency in Rajya Sabha.

https://www.reddit.com/r/CryptoIndia/comments/lg4mo6/today_union_minister_of_state_for_finance/

[Blockchain Architecture Design and Use Cases]

Blockchain Architecture Design and Use Cases
By Prof. Sandip Chakraborty & Dr. Praveen Jayachandran | IIT Kharagpur and IBM

The widespread popularity of digital cryptocurrencies has led the foundation of Blockchain, which is fundamentally a public digital ledger to share information in a trustworthy and secure way. The concept and applications of Blockchain have now spread from cryptocurrencies to various other domains, including business process management, smart contracts, IoT and so on.

This course is a joint venture from academia and industry, where the target is to cover both the conceptual as well as application aspects of Blockchain. This includes the fundamental design and architectural primitives of Blockchain, the system and the security aspects, along with various use cases from different application domains.

Introduction - https://www.youtube.com/watch?v=PPFsG92-HiI

Details - https://swayam.gov.in/nd1_noc19_cs63/preview

If yes, how is the overall experience apart from the premium cost, which I am already aware of? Have you faced any issues with KYC or adding your bank a/c or transferring INR to it?

Attention of members of public is drawn to the Press Release issued by the Reserve Bank of India (RBI) on December 24, 2013, cautioning users, holders and traders of Virtual Currencies (VCs) including Bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with such VCs.

Vide press release dated February 1, 2017, RBI has also clarified that it has not given any licence/authorisation to any entity/company to operate such schemes or deal with Bitcoin or any VC.

In the wake of significant spurt in the valuation of many VCs and rapid growth in Initial Coin Offerings (ICOs), RBI reiterates the concerns conveyed in the earlier press releases.

https://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=42462

I know that CoinSecure fee is 0.3%, whereas BTCXIndia fee is 1%. But, is this fee deducted from both INR & BTC?

That means, if I sell 1 BTC @ 70000 INR at CoinSecure, will I get 69790 INR? Again, if I buy 1 BTC @ 70000 INR at CoinSecure, will I get 0.997 BTC?

On the other hand, if I sell 1 BTC @ 70000 INR at BTCXIndia, will I get 69300 INR? Again, if I buy 1 BTC @ 70000 INR at BTCXIndia, will I get 0.99 BTC?

Please clarify...

Generally, for KYC verification at banks, either customer has to visit the bank branch or bank executive visit the customer for paperwork. But, Bitcoin exchanges in India are verifying customers online. I wonder HOW?

User's Photo, Aadhar No. (with scanned copy of Aadhar card), PAN No. (with scanned copy of PAN card), Mobile No. (verified with SMS/Call) and Bank A/C No. are taken. But, how is it verified that the given Photo, Aadhar No. & PAN No. correspond to the given Mobile No. & Bank A/C No.?

What I meant to say is can not identity theft be an issue to these exchanges?

[Update]

I understand that established exchanges like Zebpay, Unocoin, Coinsecure or BTCxIndia are having multiple current accounts with different banks. But, which banks are they specifically using?

Update
ZebPay - Axis, HDFC, ICICI, Yes Bank, Central Bank of India, Bandhan Bank
Unocoin - State Bank of Mysore, DBS, HDFC and Kotak Mahindra
Coinsecure - Axis, HDFC and Yes Bank
BTCxIndia - ?
Bitxoxo - ICICI, HDFC, Yes Bank and Axis.
PocketBits - ?
Coinome - ?
Coindelta - ?
Koinex - ?
Wazirx - ?

.

I found explicit mention of tax (which I guess is service tax) on UnoCoin bitcoin price calculator. But, could not find anything as such on CoinSecure & BTCxIndia. I understand their calculation would be different as they are primarily a trading platform. So, service tax is probably calculated on their trading commission, which does not directly affect their end user. But, is it the case, that they are booking profit in bitcoin and hence exempt of any service tax at all. Can someone shed light into this?

Many times in 2016, minimum bitcoin buy rate at international exchanges has gone over 450 USD. But, someone in India is always selling below 30k INR. When this base shift will happen? What is your prediction?

https://www.google.com/finance?q=OTCMKTS%3AGBTC&ei=vCyyVuHfKZCZuASZsYnAAg

http://finance.yahoo.com/q?s=GBTC

Only a few proposals regarding bitcoin block size debate have been accepted in Bitcoin's central BIP repository on Github, i.e. BIP 101, BIP 105 & BIP 106. BIP 100 & BIP 103 are still pending to be formally added. While I was browsing the Github repo, I found BIP 106 is from a guy named Upal Chakraborty. The name appears to be Indian. Is he from India ? Does anyone know about him ?

[all mining devices were robbed by the partner of the mining farm]

update

The 3.546PH AMHash's hashrates have disappeared since 25th Dec 2014. We found this problem two days later,we asked friedcat,he said it was mining farm's maintenance issues,hashrates would come back soon.But one week later,hashrates didn't come back yet.When we asked FC again, we were told that all mining devices were robbed by the partner of the mining farm.And all hashrates were out of control.
After then, FC told us that hashrates from new mining farms will be deployed, but we didn't know the amount at that time.Right now, we still don't receive any update from those new hashrates.

AMHash Team

AM hash is selling 0.0012 BTC/Ghs.

3.546 Phs = 3546000 Ghs

Lost amount at current rate (1 BTC = 263.59 USD) = (3546000*0.0012*263.59) USD = 1121628.168 USD

This is probably the biggest theft in Mining world and the reasoning of mining equipment robbery has never been heard before. FriedCat created a trusted profile on this forum over a very long time and hence no one imagined that he could scam this way => https://bitcointalk.org/index.php?action=profile;u=49840

AM hash co-owner RockMiner once tweeted about FriedCat

https://twitter.com/RockMinerInc/status/495534160560136192