Why aren't people in India buying BTC via localbitcoins (lots of offers for BTC in exchange for western union money transfer) from outside India and then selling at a profit in India? I dont understand why there should exist such a huge difference in price between Indian and international BTC price? Is arbitrage not possible? What is the catch?

[1.39 Mi for 1 NXT]

Hey all

I'm selling 1 390 000 Mi (Mega IOTAs) at a rate of 1.39 Mi for 1 NXT.

So the whole chunk of 1390000 Mi would cost 1Million NXT

or, we could deal in smaller chunks.

Obviously, we'll trade through an escrow (preferably yassin54 or seccour) so we dont have to trust each other.

If anyone's interested, do get in touch!