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Author Topic: I have loophole for RBI crypto ban to continue trade BTC in india  (Read 246 times)
dhavalnc (OP)
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June 25, 2018, 07:33:35 PM
Last edit: June 26, 2018, 05:04:49 AM by dhavalnc
 #1

I have a loophole for RBI crypto ban to continue trade BTC in India.

Like Indian law do not permit Grambling on the land of India so in goa, poker is playing on a ship.

Same way, I have found loophole which will allow Indian exchange to trade crypto.

PM me for details.

suchi2591
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June 27, 2018, 02:30:08 AM
 #2

I have a loophole for RBI crypto ban to continue trade BTC in India.

Like Indian law do not permit Grambling on the land of India so in goa, poker is playing on a ship.

Same way, I have found loophole which will allow Indian exchange to trade crypto.

PM me for details.




I don't think they will ban in India.  In Goa there are on land casino as well which is adjacent  to hayat.  As per the remours and leaks they will regulate the crypt currency.
rsarkar
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June 27, 2018, 06:45:10 AM
 #3

Please share the loopholes with the community.
Don't worry there is less chances that will be patched since I believe there aren't any authorities here.
Cheers.

https://localbitcoins.com/accounts/profile/rslsrkr/
bankarpit
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June 27, 2018, 08:19:17 AM
 #4

Rather than going with loophole, for now i am waiting for the RBI's team which is working on the analysis of the currency. I hope that they will see the benefits and an market for us and will allow the trading legally.
RAMSHIVDEEPAK
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June 27, 2018, 11:27:03 AM
 #5

I have a loophole for RBI crypto ban to continue trade BTC in India.

Like Indian law do not permit Grambling on the land of India so in goa, poker is playing on a ship.

Same way, I have found loophole which will allow Indian exchange to trade crypto.

PM me for details.



If you have something  to share,then share here.It will helpful for the no, of people.

I have a loophole for RBI crypto ban to continue trade BTC in India.

Like Indian law do not permit Grambling on the land of India so in goa, poker is playing on a ship.


These are not loophole.Gambling and poker have been approved by the government in GOA because of the tourist place.they are fully legal in GOA.
Guvn0r
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June 27, 2018, 05:49:55 PM
 #6

I have a loophole for RBI crypto ban to continue trade BTC in India.

Like Indian law do not permit Grambling on the land of India so in goa, poker is playing on a ship.

Same way, I have found loophole which will allow Indian exchange to trade crypto.

PM me for details.


I wouldn't trust my money with some newbie that shows up only when he wants to make a quick buck...
newwest
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June 27, 2018, 06:26:57 PM
 #7

OP - Really you have the loophole and all other in country do not have it. So in that case you must be genius to have it and may be for some day it may work and then what will happen when you get caught? Or are you saying it is full proof and no one in their entire life will know?

dhavalnc (OP)
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June 27, 2018, 09:36:16 PM
 #8

Thank you all for keen interest to know this in detail.

I have a very full proof plan on it.

RBI will ban on bank transactions so there will be no pair of INR/BTC and INR to other altcoins
But btc to other altcoins will be allowed.

So i have a plan to lauch one XYZ to BTC trading pair.
So i have a plan from where customers can buy this XYZ and trade in exchange and how to redeem this XYZ to INR

If i get any invester for establishing new exchange or any existing exchange join my plan. Please contact me.

My plan is well designed will be legal to trade.

Guvn0r
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June 27, 2018, 09:52:40 PM
 #9

Thank you all for keen interest to know this in detail.

I have a very full proof plan on it.

RBI will ban on bank transactions so there will be no pair of INR/BTC and INR to other altcoins
But btc to other altcoins will be allowed.

So i have a plan to lauch one XYZ to BTC trading pair.
So i have a plan from where customers can buy this XYZ and trade in exchange and how to redeem this XYZ to INR

If i get any invester for establishing new exchange or any existing exchange join my plan. Please contact me.

My plan is well designed will be legal to trade.

I like your enthusiasm, but this is no way a loophole or even anything close. Even I can start trading btc for mangoes then sell mangoes for 10,00,000 INR each.
When RBI 'ban' trading crypto, it does not mean BTC/INR only.

At first sight there was all signs of a possible scam, but now i am guessing you must be a teenager spending too much time on hackforums  "how to make money e-book" section. 
because you can't just make this up  Cheesy Cheesy
dhavalnc (OP)
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June 28, 2018, 06:19:24 AM
 #10

I am sorry my friend.

I am not a Teenage or nor this is a joke.
It's not like selling mangoes. I cant disclose entire blueprint.

I am in bitcoin since 2012 dealing with many exchanges since years which included igot, btcxindia and many more.

My name is Dhaval Chandrani and i am the founder and partner of Hosticon.com a web hosting company and I am the first hosting company in india started accepting bitcoin early stage since

So please do not underestimate my knowledge in crypto.

And finally, not every operation of trading will be done from India some operations will be done outside india to comply with RBI rules.


Thank you all for keen interest to know this in detail.

I have a very full proof plan on it.

RBI will ban on bank transactions so there will be no pair of INR/BTC and INR to other altcoins
But btc to other altcoins will be allowed.

So i have a plan to lauch one XYZ to BTC trading pair.
So i have a plan from where customers can buy this XYZ and trade in exchange and how to redeem this XYZ to INR

If i get any invester for establishing new exchange or any existing exchange join my plan. Please contact me.

My plan is well designed will be legal to trade.

I like your enthusiasm, but this is no way a loophole or even anything close. Even I can start trading btc for mangoes then sell mangoes for 10,00,000 INR each.
When RBI 'ban' trading crypto, it does not mean BTC/INR only.

At first sight there was all signs of a possible scam, but now i am guessing you must be a teenager spending too much time on hackforums  "how to make money e-book" section. 
because you can't just make this up  Cheesy Cheesy

Guvn0r
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June 28, 2018, 09:56:36 AM
 #11

I am sorry my friend.

I am not a Teenage or nor this is a joke.
It's not like selling mangoes. I cant disclose entire blueprint.

I am in bitcoin since 2012 dealing with many exchanges since years which included igot, btcxindia and many more.

My name is Dhaval Chandrani and i am the founder and partner of Hosticon.com a web hosting company and I am the first hosting company in india started accepting bitcoin early stage since

So please do not underestimate my knowledge in crypto.

And finally, not every operation of trading will be done from India some operations will be done outside india to comply with RBI rules.


I see your hosticon topic https://bitcointalk.org/index.php?topic=636072.20 , anyway , i thought your plan was silly for obvious reason. you are trying to evade the crypto trading ban by converting btc to 'xyz' (whatever that be), and then converting 'xyz' to Inr..may be your xyz is a stablecoin like tether..but that is still crypto trading.

and i don't think FEMA will alow this btc/xyz and xyz/inr - as far as we are talking about exchanging btc and transferring money to your own bank account.
dhavalnc (OP)
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June 28, 2018, 01:17:04 PM
 #12

I know tether is equal to 1 USD. Tether is also crytop so obviously, it will not work.

What is am planning is similar to crypto but not crypto because crypto is illegal in india.

I am doing some homework to propose some venture capital provider.
Guvn0r
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June 28, 2018, 01:29:35 PM
 #13

I know tether is equal to 1 USD. Tether is also crytop so obviously, it will not work.

What is am planning is similar to crypto but not crypto because crypto is illegal in india.

I am doing some homework to propose some venture capital provider.


in that case it may be a good solution. good luck
dhavalnc (OP)
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June 28, 2018, 04:16:46 PM
 #14

Thank you.

I know tether is equal to 1 USD. Tether is also crytop so obviously, it will not work.

What is am planning is similar to crypto but not crypto because crypto is illegal in india.

I am doing some homework to propose some venture capital provider.


in that case it may be a good solution. good luck
Vineeta2oct
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June 29, 2018, 07:49:18 AM
 #15

Well let's just wait and see what Govt and RBI would do. I do hope that they see that exchanges are doing KYC and there no chances of money laundering plus people are not asking for any kind of backing while trading in crypto, so they should not pull the banking support off of the exchanges.
Erin Strange
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June 29, 2018, 10:17:04 AM
 #16

I have a loophole for RBI crypto ban to continue trade BTC in India.

Like Indian law do not permit Grambling on the land of India so in goa, poker is playing on a ship.

Same way, I have found loophole which will allow Indian exchange to trade crypto.

PM me for details.



what's your plane mate look like you are going to do something big
newinbtc
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June 30, 2018, 05:28:54 PM
 #17

I like ur plan , But there are already many currency Where Inr/Abz Qnd Btc/Abz are trading right now.. if government bans Cryto use with bank... how third person will buy bitcoin If fully currency banned
..
Have you listend about Localbitcoins ? We can deal person to person

We need a coin setup Which is from other country and base from India . Which Accept Btc and Inr both , but this is Illegal way . govt will get to know about that and plan flop.

We can buy coins outside India... Flight Rates are Cheaper :p Take Your ruppee outside India How the Idea
buddhasource
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July 03, 2018, 12:22:11 PM
 #18

I would like to invest in your Idea, provided it is legal.

Also, it is about time to reveal it.
Blackshadow007
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July 04, 2018, 09:54:04 AM
 #19

Thank you all for keen interest to know this in detail.

I have a very full proof plan on it.

RBI will ban on bank transactions so there will be no pair of INR/BTC and INR to other altcoins
But btc to other altcoins will be allowed.

So i have a plan to lauch one XYZ to BTC trading pair.
So i have a plan from where customers can buy this XYZ and trade in exchange and how to redeem this XYZ to INR

If i get any invester for establishing new exchange or any existing exchange join my plan. Please contact me.

My plan is well designed will be legal to trade.

I like your enthusiasm, but this is no way a loophole or even anything close. Even I can start trading btc for mangoes then sell mangoes for 10,00,000 INR each.
When RBI 'ban' trading crypto, it does not mean BTC/INR only.

At first sight there was all signs of a possible scam, but now i am guessing you must be a teenager spending too much time on hackforums  "how to make money e-book" section. 
because you can't just make this up  Cheesy Cheesy



LOL  Grin Grin

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