Narcotics Control Bureau is trying to freeze which Indian Bitcoin exchange?

[Johny Depp]

I just read the following in CoinTelegraph as stated by Sudhir Chaudhary in Zee News...

“We're also making this segment because an Indian agency is trying to freeze a Bitcoin exchange. Drug sellers are using Bitcoin, and a division of the Indian government, the Narcotics Control Bureau, has seized 500 Bitcoins. As one bitcoin is 45k rupees, the amount frozen is around 2 crores and 25 lakhs.”

Source: https://cointelegraph.com/news/largest-indian-news-network-bitcoin-will-reach-us10000

Which Indian Bitcoin Exchange Zee News Business Head and Senior Editor Sudhir Chaudhary is referring to?

[1714589252]

1714589252

[1714589252]

1714589252

[just_Alice]

I just read the following in CoinTelegraph as stated by Sudhir Chaudhary in Zee News...

“We're also making this segment because an Indian agency is trying to freeze a Bitcoin exchange. Drug sellers are using Bitcoin, and a division of the Indian government, the Narcotics Control Bureau, has seized 500 Bitcoins. As one bitcoin is 45k rupees, the amount frozen is around 2 crores and 25 lakhs.”

Source: https://cointelegraph.com/news/largest-indian-news-network-bitcoin-will-reach-us10000

Which Indian Bitcoin Exchange Zee News Business Head and Senior Editor Sudhir Chaudhary is referring to?

I think no exchanges were closed actually.

an Indian agency is trying to freeze a Bitcoin exchange.

The key word here is " trying" so no worries. This is just the way journalists like to present their news, to attract more attention.

[Johny Depp]

I think no exchanges were closed actually.

an Indian agency is trying to freeze a Bitcoin exchange.

The key word here is " trying" so no worries. This is just the way journalists like to present their news, to attract more attention.

I dint say anyone has been closed. I asked which one they are trying to close? I think there are ~4 exchanges in India and all operators are on this forum. So, the operator might tell us which one is under scrutiny by Narcotics Control Bureau. If any one is under scrutiny, operator must have been intimidated by now.

[polynesia]

I think no exchanges were closed actually.

an Indian agency is trying to freeze a Bitcoin exchange.

The key word here is " trying" so no worries. This is just the way journalists like to present their news, to attract more attention.

I dint say anyone has been closed. I asked which one they are trying to close? I think there are ~4 exchanges in India and all operators are on this forum. So, the operator might tell us which one is under scrutiny by Narcotics Control Bureau. If any one is under scrutiny, operator must have been intimidated by now.

The other news items mentioned the Narcotics Control Bureau trying to 'seize' bitcoins, not freeze them.
You can read about the other articles here -
https://bitcointalk.org/index.php?topic=1658684.0

[philiveyjr]

Is this anyhow related to this ? http://www.ndtv.com/india-news/drugs-worth-rs-3-000-crore-seized-in-udaipur-bollywood-producer-arrested-1620431

If not, then I don't see why they would waste their time on something which isn't even the big game.

[just_Alice]

I think no exchanges were closed actually.

an Indian agency is trying to freeze a Bitcoin exchange.

The key word here is " trying" so no worries. This is just the way journalists like to present their news, to attract more attention.

I dint say anyone has been closed. I asked which one they are trying to close? I think there are ~4 exchanges in India and all operators are on this forum. So, the operator might tell us which one is under scrutiny by Narcotics Control Bureau. If any one is under scrutiny, operator must have been intimidated by now.

I'm sorry if my reply wasn't what you were expecting but I couldn't find the information about any Bitcoin exchange in India which are closed or going to be closed by police. That's why I thought it was most likely an exaggeration of danger made by press.

[Rotten Egg]

I think no exchanges were closed actually.

an Indian agency is trying to freeze a Bitcoin exchange.

The key word here is " trying" so no worries. This is just the way journalists like to present their news, to attract more attention.

I dint say anyone has been closed. I asked which one they are trying to close? I think there are ~4 exchanges in India and all operators are on this forum. So, the operator might tell us which one is under scrutiny by Narcotics Control Bureau. If any one is under scrutiny, operator must have been intimidated by now.

I found ZebPay was aggressively promoting this video. So, may be NCB is investigating ZebPay. But, whether it is ZebPay or any other exchange, I dont see why they should be shut down because of this. If criminals keep money in bank, do they shut down banks itself?