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Benson Samuel
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April 19, 2013, 11:31:42 AM
 #121
gaming virtual credits are not legal in India if it is a open loop system such as Bitcoin.

That aside, yes, it is good a good idea to seek some legal aid. More specifically, get disclaimers all over the place.
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April 19, 2013, 08:15:16 PM
 #122
oh well, the rules and regulations are too tight and sadly we cannot comply with them if we open this exchange.. and we don't want to get into a legal mess because of that, so sorry guys, but the exchange cannot happen.


But,
we will launch a store with which you can purchase physical goods with bitcoins and INR (cash on delivery / bank transfer)

Thanks for the support on the way and hopefully our store will be a success..
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