Return Of BTCXindia

[everaja]

Happy Days for Indian Bitcoin Traders ,  just Received this Email Stating:
"Dear Customer,

BTCXIndia is proud to announce that it is re-opening it's trading platform for bitcoin. We have been working hard in the last month to secure banking relationships to ensure that we can serve customers without unnecessary disruptions. As before, we will offer a real time trading platform that is transparent, secure, and fair. We will re-open our doors on the 5th of July..

Sincerely,
BTCXIndia"

I have previously Traded with BTCXindia for about 0.23 BTC all went smoothly and money were transffered to my account , waithing for it to BTCXindia to return again.

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[GiocareHost]

What was the reason for there sudden disappearance?
I don't think anyone would trust them now.
Coinsecure is a better option for all Desi bitcoiners!

[newIndia]

What was the reason for there sudden disappearance?

They said that they had banking problems.

[everaja]

What was the reason for there sudden disappearance?
I don't think anyone would trust them now.
Coinsecure is a better option for all Desi bitcoiners!

All I know is that they were having disputes with bank authorities and the Congress government was not allowing Bitcoin to interfere in banking Transaction as that time there was Flush of Air for Black money raised by Ramdev Baba and Anna hazare now the matter storm is Silent and Government is replaced by BJP so they were able to convince Bank and they are Back this time and Moreover they are trust worthy.

[GiocareHost]

What was the reason for there sudden disappearance?
I don't think anyone would trust them now.
Coinsecure is a better option for all Desi bitcoiners!

All I know is that they were having disputes with bank authorities and the Congress government was not allowing Bitcoin to interfere in banking Transaction as that time there was Flush of Air for Black money raised by Ramdev Baba and Anna hazare now the matter storm is Silent and Government is replaced by BJP so they were able to convince Bank and they are Back this time and Moreover they are trust worthy.

I can well remeber that I registered on there website when BJP was in power.And they were trading at that time too!
They simply had financial problems!

[melisande]

It is nice to have them back but their operation could still be disrupted by Government policy over there because I don't think Indian Government have fully accept Bitcoin.

[GiocareHost]

It is nice to have them back but their operation could still be disrupted by Government policy over there because I don't think Indian Government have fully accept Bitcoin.

I dont think there is any policy regarding Bitcoins in India.
As much as I know,you are free to trade in BTC in india,as long you are paying necessary taxes.
I think Btcxindia should themselve tell the reason for there sudden departure from the market.

[everaja]

This is just to know that btcxindia is running legitly as it paid me INR 1690 for 0.1BTC to my bank.
I believe it as a best method to convert BTC to INR as trading with localbitcoins or users here , can have grey sides.

[melisande]

This is just to know that btcxindia is running legitly as it paid me INR 1690 for 0.1BTC to my bank.
I believe it as a best method to convert BTC to INR as trading with localbitcoins or users here , can have grey sides.

Perhaps the payment you received confirmed that they are fully return. But don't rely on anything that go ON and OFF whose reasons were not justify.