Statement from ZebPay, UnoCoin, CoinSecure, etc.....?

[kabit9]

No news from any of the large Indian exchanges so far. Surprising, considering the direct impact this has on them.

Would be interesting to hear their plans going forward.  Only this snippet from PocketBits.in:

[1714692457]

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[~Money~]

ya thats wot i was thinking .. i think smth big news is coming soon may be positive or negative. lets see ... 

[newIndia]

No news from any of the large Indian exchanges so far. Surprising, considering the direct impact this has on them.

Would be interesting to hear their plans going forward. 

U may find it relevant - https://www.change.org/p/rbi-make-india-at-the-forefront-of-blockchain-applications-revolution

[kabit9]

Received from CoinSecure:

Dear Users,

In light of the RBI Press Release dated 5th April, 2018, we understand that the RBI is hesitant to provide banking support to crypto exchanges in India. However, there is no mention on the legality status of Bitcoin.

We urge our users to go through the press release and practice due diligence before panic – selling.

At Coinsecure, we are business as usual as of now; and we will keep you posted of the next steps when we are ready.

In the meantime, be rest assured, that we are working as a company and as an industry together to try and resolve the impending problems for our users.


Warm Regards
Team Coinsecure

[amishmanish]

They must be dealing with the authorities directly to get a view on this.

While, we all want the results to be positive, the problem is that we simply don't have enough expertise in the government to handle an issue like bitcoin. Indis is a place where government officials see themselves as overlords too a population that is too stupid and ignorant to decide what's best for them.

The colonial mindset with it's love for power will find the idea of allowing untraceable, financial independence to people completely terrifying. I expect to see media reports about the use of bitcoin for financing terrorism anytime now.

I think it'd be too much to expect them to behave in an accommodating, understanding manner anytime soon. It's the people themselves who need to decide what this means to us. What will we do if the banks do stop the fiat linkages?

Maybe this will be the grand experiment on bitcoin's viability because we are, after all, the biggest, most diverse country using this technology. Rather than hoping for the government to remain benign on this, we should focus on our individual ability to keep going without the fiat linkage. That is what it was meant for in the first place.

[onrise]

Received from CoinSecure:

Dear Users,

In light of the RBI Press Release dated 5th April, 2018, we understand that the RBI is hesitant to provide banking support to crypto exchanges in India. However, there is no mention on the legality status of Bitcoin.

We urge our users to go through the press release and practice due diligence before panic – selling.

At Coinsecure, we are business as usual as of now; and we will keep you posted of the next steps when we are ready.

In the meantime, be rest assured, that we are working as a company and as an industry together to try and resolve the impending problems for our users.


Warm Regards
Team Coinsecure

Yeah I think they would have sent the mail to all their users regarding the recent thing which has happened and it is good that they are trying to understand and get the clear view and future. Till then they will continue to serve their users which is also a good thing.