India back in the game!

[gsingh]

After press conference organized by BAI headed by Mr. Nishith Desai, and after the take-aways of the conference are out to public through media, Mr. Nishith Desai has given us a green signal to start Unocoin operations which will be starting on 6th Jan 2014 when the logins will be enabled and Unocoin wallets will be accessible. Buying and selling of bitcoins will go live from 8th of Jan 2014. CoinMonk Ventures and Unocoin is very thankful to Nishith Desai and their team for being a part of press conference and guiding us through till here


Source:
https://www.unocoin.com/news.php

[Bitcoinpro]

they do have their own silicon valley that probably helped

[EvilPanda]

Hope they will succeed. When it comes to India I've been hearing more about gang rapes than bitcoin.

[countryfree]

Good! BTC has huge potential in countries where millions of people don't have a bank account.

[LiteCoinGuy]

hi there,

the website doesnt work here (at least for me).

can you give me a short info what / who is "BAI" and "Mr. Nishith Desai"? some more details would be very nice to get a better impression.

[Dafar]

Good! BTC has huge potential in countries where millions of people don't have a bank account.

this

but how long will it take for people to know about it? Most americans w/ internet and tv don't even know about bitcoin

[black_swan]

hi there,

the website doesnt work here (at least for me).

can you give me a short info what / who is "BAI" and "Mr. Nishith Desai"? some more details would be very nice to get a better impression.

Same here, I don't really understand, today is ok, yesterday was banned?
What's BAI and who is Mr Bishth Desai? Anybody from India can help?

[empoweoqwj]

hi there,

the website doesnt work here (at least for me).

can you give me a short info what / who is "BAI" and "Mr. Nishith Desai"? some more details would be very nice to get a better impression.

Same here, I don't really understand, today is ok, yesterday was banned?
What's BAI and who is Mr Bishth Desai? Anybody from India can help?

Not sure it was banned yesterday, the Indian government was just in first stages of learning about bitcoin and overreacted. I've no idea who BAI is though

[empoweoqwj]

Good! BTC has huge potential in countries where millions of people don't have a bank account.

Long-term potential for sure. 2014. Very little if any. Give it time though.

[viboracecata]

This can be proved tomorrow, as what has happened in China, very exciting news.

[evoked22]

Ah that's like a breath of fresh air

[jonanon]

Good! BTC has huge potential in countries where millions of people don't have a bank account.

This is true however I would bet more people lacked internet access than had bank accounts?

[bryant.coleman]

Typical Indian way of dealing with competition. First they got their rival arrested. And now they are officially launching their service. 

[undeadbitcoiner]

Its Good to hear about that. So finally India is Back.
Good Luck to India

[empoweoqwj]

Typical Indian way of dealing with competition. First they got their rival arrested. And now they are officially launching their service. 

Yep. Every country handles things differently

[empoweoqwj]

Its Good to hear about that. So finally India is Back.
Good Luck to India

Just don't expect a "China effect" in India. Long to medium term growth in India. But in bitcoin years, that's probably a year or so

[Benson Samuel]

Typical Indian way of dealing with competition. First they got their rival arrested. And now they are officially launching their service. 

Lol, fun way to look at it. But no one was arrested through the investigations.
In fact, I hear that despite 15 ED/ RBI officials getting to each exchange doorsteps, no charges were filed, no bank accounts shut down and no answers so far from them.

[Benson Samuel]

hi there,

the website doesnt work here (at least for me).

can you give me a short info what / who is "BAI" and "Mr. Nishith Desai"? some more details would be very nice to get a better impression.

Same here, I don't really understand, today is ok, yesterday was banned?
What's BAI and who is Mr Bishth Desai? Anybody from India can help?

BAI is a new alliance being founded by some traders in India. Nitish Desai is a world renowned lawyer and advocate who specializes in ecommerce. Well connected and should add some muscle to the movement.

[BitCoinNutJob]

cool

[Clyze]

That is good news! It will take a while for India to massively adapt bitcoin though. But it is great news for the long run :-)