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highkart (OP)
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June 30, 2014, 01:19:29 PM |
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Dear Friends,
We are looking for community members for a closed Group beta testing for a New Exchange we are launching. Its only 1-2 week exercise.
Every individual will be paid bounty in terms of BTC (0.01 - 0.1 Each) / LTC (0.2 - 1 Each) / Doge (1000-10000 Each)
Limited seats available. Please PM for registering. Action Starts 02nd July 2014.
Regards,
Amit Kumar
NexGen
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newIndia
Legendary
 Offline
Activity: 2226
Merit: 1052
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June 30, 2014, 01:45:37 PM |
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Dear Friends,
We are looking for community members for a closed Group beta testing for a New Exchange we are launching. Its only 1-2 week exercise.
Every individual will be paid bounty in terms of BTC (0.01 - 0.1 Each) / LTC (0.2 - 1 Each) / Doge (1000-10000 Each)
Limited seats available. Please PM for registering. Action Starts 02nd July 2014.
Regards,
Amit Kumar
NexGen
Is it a P2P exchange like localbitcoins or real time like btc-e ? |
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Mining Master
Newbie
Offline
Activity: 41
Merit: 0
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June 30, 2014, 02:29:27 PM |
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As always, willing to provide support, but need more info on the same. (Is it purely technical?)
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highkart (OP)
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June 30, 2014, 02:58:37 PM |
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Dear Friends,
We are looking for community members for a closed Group beta testing for a New Exchange we are launching. Its only 1-2 week exercise.
Every individual will be paid bounty in terms of BTC (0.01 - 0.1 Each) / LTC (0.2 - 1 Each) / Doge (1000-10000 Each)
Limited seats available. Please PM for registering. Action Starts 02nd July 2014.
Regards,
Amit Kumar
NexGen
Is it a P2P exchange like localbitcoins or real time like btc-e ? Its like BTC-e, but we have kept realtime on hold for first phase due to security concerns. Will roll it out slowely and steadily in next phases. |
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highkart (OP)
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June 30, 2014, 03:00:01 PM |
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As always, willing to provide support, but need more info on the same. (Is it purely technical?)
No its purely user experience. No technical know how needed. you have to test it from a general user perspective. If interested do PM. |
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newIndia
Legendary
Offline
Activity: 2226
Merit: 1052
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June 30, 2014, 04:23:15 PM |
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Dear Friends,
We are looking for community members for a closed Group beta testing for a New Exchange we are launching. Its only 1-2 week exercise.
Every individual will be paid bounty in terms of BTC (0.01 - 0.1 Each) / LTC (0.2 - 1 Each) / Doge (1000-10000 Each)
Limited seats available. Please PM for registering. Action Starts 02nd July 2014.
Regards,
Amit Kumar
NexGen
Is it a P2P exchange like localbitcoins or real time like btc-e ? Its like BTC-e, but we have kept realtime on hold for first phase due to security concerns. Will roll it out slowely and steadily in next phases. So, is it going to be an INR only exchange ? Or foreign deposit will be allowed like BTC-e ? |
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highkart (OP)
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July 01, 2014, 05:06:05 AM |
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Dear Friends,
We are looking for community members for a closed Group beta testing for a New Exchange we are launching. Its only 1-2 week exercise.
Every individual will be paid bounty in terms of BTC (0.01 - 0.1 Each) / LTC (0.2 - 1 Each) / Doge (1000-10000 Each)
Limited seats available. Please PM for registering. Action Starts 02nd July 2014.
Regards,
Amit Kumar
NexGen
Is it a P2P exchange like localbitcoins or real time like btc-e ? Its like BTC-e, but we have kept realtime on hold for first phase due to security concerns. Will roll it out slowely and steadily in next phases. So, is it going to be an INR only exchange ? Or foreign deposit will be allowed like BTC-e ? It is multi crypto currency along with INR and USD deposits Regards, Amit |
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BitCoinDream
Legendary
Offline
Activity: 2394
Merit: 1216
The revolution will be digital
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July 01, 2014, 02:56:12 PM |
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Dear Friends,
We are looking for community members for a closed Group beta testing for a New Exchange we are launching. Its only 1-2 week exercise.
Every individual will be paid bounty in terms of BTC (0.01 - 0.1 Each) / LTC (0.2 - 1 Each) / Doge (1000-10000 Each)
Limited seats available. Please PM for registering. Action Starts 02nd July 2014.
Regards,
Amit Kumar
NexGen
Is it a P2P exchange like localbitcoins or real time like btc-e ? Its like BTC-e, but we have kept realtime on hold for first phase due to security concerns. Will roll it out slowely and steadily in next phases. So, is it going to be an INR only exchange ? Or foreign deposit will be allowed like BTC-e ? It is multi crypto currency along with INR and USD deposits Regards, Amit Do u have MSB license for USD deposit ? |
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highkart (OP)
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July 02, 2014, 07:01:00 AM |
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Dear Friends,
We are looking for community members for a closed Group beta testing for a New Exchange we are launching. Its only 1-2 week exercise.
Every individual will be paid bounty in terms of BTC (0.01 - 0.1 Each) / LTC (0.2 - 1 Each) / Doge (1000-10000 Each)
Limited seats available. Please PM for registering. Action Starts 02nd July 2014.
Regards,
Amit Kumar
NexGen
Is it a P2P exchange like localbitcoins or real time like btc-e ? Its like BTC-e, but we have kept realtime on hold for first phase due to security concerns. Will roll it out slowely and steadily in next phases. So, is it going to be an INR only exchange ? Or foreign deposit will be allowed like BTC-e ? It is multi crypto currency along with INR and USD deposits Regards, Amit Do u have MSB license for USD deposit ? Yes we are processing one and should be ready by next week |
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dashingriddler
Legendary
Offline
Activity: 1258
Merit: 1001
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July 02, 2014, 10:56:06 AM |
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Dear Friends,
We are looking for community members for a closed Group beta testing for a New Exchange we are launching. Its only 1-2 week exercise.
Every individual will be paid bounty in terms of BTC (0.01 - 0.1 Each) / LTC (0.2 - 1 Each) / Doge (1000-10000 Each)
Limited seats available. Please PM for registering. Action Starts 02nd July 2014.
Regards,
Amit Kumar
NexGen
Is it a P2P exchange like localbitcoins or real time like btc-e ? Its like BTC-e, but we have kept realtime on hold for first phase due to security concerns. Will roll it out slowely and steadily in next phases. So, is it going to be an INR only exchange ? Or foreign deposit will be allowed like BTC-e ? It is multi crypto currency along with INR and USD deposits Regards, Amit Do u have MSB license for USD deposit ? Yes we are processing one and should be ready by next week Just hope it's not a joke! |
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highkart (OP)
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July 03, 2014, 01:51:24 AM |
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Just hope it's not a joke!
No its not. Please rest assured. Thanks for showing concerns! |
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buysellbitcoin
Legendary
Offline
Activity: 1105
Merit: 1001
https://www.zebpay.com
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July 04, 2014, 05:14:30 AM |
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Just hope it's not a joke!
No its not. Please rest assured. Thanks for showing concerns! You do not need MSB to accept USD in India, rather you will need IEC and EEFC to accept USD. There is nothing like MSB in India. If you are talking about foreign exchange conversion than you need AD category 1 or FFMC licensed under some AD category 1. Regards |
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dashingriddler
Legendary
Offline
Activity: 1258
Merit: 1001
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July 04, 2014, 03:44:12 PM |
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Just hope it's not a joke!
No its not. Please rest assured. Thanks for showing concerns! You do not need MSB to accept USD in India, rather you will need IEC and EEFC to accept USD. There is nothing like MSB in India. If you are talking about foreign exchange conversion than you need AD category 1 or FFMC licensed under some AD category 1. Regards Right there is nothing like MSB in India. It's equivalent is MTSS.  |
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BitCoinDream
Legendary
Offline
Activity: 2394
Merit: 1216
The revolution will be digital
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July 04, 2014, 04:17:47 PM |
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Just hope it's not a joke!
No its not. Please rest assured. Thanks for showing concerns! You do not need MSB to accept USD in India, rather you will need IEC and EEFC to accept USD. There is nothing like MSB in India. If you are talking about foreign exchange conversion than you need AD category 1 or FFMC licensed under some AD category 1. Regards Right there is nothing like MSB in India. It's equivalent is MTSS. But Amit Bhardwaj has already said above that their MSB is under process !!! Dear Friends,
We are looking for community members for a closed Group beta testing for a New Exchange we are launching. Its only 1-2 week exercise.
Every individual will be paid bounty in terms of BTC (0.01 - 0.1 Each) / LTC (0.2 - 1 Each) / Doge (1000-10000 Each)
Limited seats available. Please PM for registering. Action Starts 02nd July 2014.
Regards,
Amit Kumar
NexGen
Is it a P2P exchange like localbitcoins or real time like btc-e ? Its like BTC-e, but we have kept realtime on hold for first phase due to security concerns. Will roll it out slowely and steadily in next phases. So, is it going to be an INR only exchange ? Or foreign deposit will be allowed like BTC-e ? It is multi crypto currency along with INR and USD deposits Regards, Amit Do u have MSB license for USD deposit ? |
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subvolatil
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July 04, 2014, 04:26:43 PM |
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Just hope it's not a joke!
No its not. Please rest assured. Thanks for showing concerns! You do not need MSB to accept USD in India, rather you will need IEC and EEFC to accept USD. There is nothing like MSB in India. If you are talking about foreign exchange conversion than you need AD category 1 or FFMC licensed under some AD category 1. Regards Right there is nothing like MSB in India. It's equivalent is MTSS. But Amit Bhardwaj has already said above that their MSB is under process !!! Dear Friends,
We are looking for community members for a closed Group beta testing for a New Exchange we are launching. Its only 1-2 week exercise.
Every individual will be paid bounty in terms of BTC (0.01 - 0.1 Each) / LTC (0.2 - 1 Each) / Doge (1000-10000 Each)
Limited seats available. Please PM for registering. Action Starts 02nd July 2014.
Regards,
Amit Kumar
NexGen
Is it a P2P exchange like localbitcoins or real time like btc-e ? Its like BTC-e, but we have kept realtime on hold for first phase due to security concerns. Will roll it out slowely and steadily in next phases. So, is it going to be an INR only exchange ? Or foreign deposit will be allowed like BTC-e ? It is multi crypto currency along with INR and USD deposits Regards, Amit Do u have MSB license for USD deposit ? Some times bullshit gets caught in tight corners . |
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newIndia
Legendary
Offline
Activity: 2226
Merit: 1052
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July 04, 2014, 06:10:41 PM |
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Just hope it's not a joke!
No its not. Please rest assured. Thanks for showing concerns! You do not need MSB to accept USD in India, rather you will need IEC and EEFC to accept USD. There is nothing like MSB in India. If you are talking about foreign exchange conversion than you need AD category 1 or FFMC licensed under some AD category 1. Regards Right there is nothing like MSB in India. It's equivalent is MTSS. But Amit Bhardwaj has already said above that their MSB is under process !!! Dear Friends,
We are looking for community members for a closed Group beta testing for a New Exchange we are launching. Its only 1-2 week exercise.
Every individual will be paid bounty in terms of BTC (0.01 - 0.1 Each) / LTC (0.2 - 1 Each) / Doge (1000-10000 Each)
Limited seats available. Please PM for registering. Action Starts 02nd July 2014.
Regards,
Amit Kumar
NexGen
Is it a P2P exchange like localbitcoins or real time like btc-e ? Its like BTC-e, but we have kept realtime on hold for first phase due to security concerns. Will roll it out slowely and steadily in next phases. So, is it going to be an INR only exchange ? Or foreign deposit will be allowed like BTC-e ? It is multi crypto currency along with INR and USD deposits Regards, Amit Do u have MSB license for USD deposit ? Some times bullshit gets caught in tight corners . Ooops... this is unexpected !!! |
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highkart (OP)
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July 05, 2014, 02:14:46 AM
Last edit: July 05, 2014, 03:30:45 AM by highkart |
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Some times bullshit gets caught in tight corners .
Ooops... this is unexpected !!! Hi, Since you guys are so pushy, let me provide some information on what we are doing. We are coming out with an exchange with the intent and focus of remittance and not trading. Now to start with the service and to avoid any issues we are processing USD in following possible options, we are either going to either acquire an MSB license, a partner who have it already or ask customer to directly deposit funds in our company US account (to avoid currency exchange) or using services like OKPay. We don't need MSB specifically for many countries in which we plan to start, as none of them have actually regulated bitcoin as currencies, but to avoid any future hassles, we are taking preemptive steps. Now we keep visiting legal and financial consultants on time to time basis to consult on these topics and get guidance for what to do, its not any rule book stuff which we can just follow. However after saying that, we understand that we might still be missing something, so I would request you to come forward and help us know if we are missing something, instead of criticizing without knowing what it is. If you need any specific info before commenting please PM me and I will be glad to discuss. Thanks @buysellbitcoin for the info, we have already started looking into his suggestions. We will really appreciate some suggestions like that. And most thanks to all community members for testing the system and providing much needed feedback. Regards, Amit |
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Benson Samuel
Legendary
Offline
Activity: 1890
Merit: 1000
Landscaping Bitcoin for India!
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July 05, 2014, 03:36:11 AM |
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Some times bullshit gets caught in tight corners .
Ooops... this is unexpected !!! Hi, Since you guys are so pushy, let me provide some information on what we are doing. We are coming out with an exchange with the intent and focus of remittance and not trading. Now to start with the service and to avoid any issues we are processing USD in following possible options, we are either going to either acquire an MSB license, a partner who have it already or ask customer to directly deposit funds in our company US account (to avoid currency exchange) or using services like OKPay. We don't need MSB specifically for many countries in which we plan to start, as none of them have actually regulated bitcoin as currencies, but to avoid any future hassles, we are taking preemptive steps. Now we keep visiting legal and financial consultants on time to time basis to consult on these topics and get guidance for what to do, its not any rule book stuff which we can just follow. However after saying that, we understand that we might still be missing something, so I would request you to come forward and help us know if we are missing something, instead of criticizing without knowing what it is. If you need any specific info before commenting please PM me and I will be glad to discuss. Thanks @buysellbitcoin for the info, we have already started looking into his suggestions. We will really appreciate some suggestions like that. Regards, Amit So, what did you mean when you said that 'Yes we are processing one and should be ready by next week'  Was it buff? Or just a plain ole lie? Or just anticipation? This, I would like to see, especially when there is no clue as to what is really needed to start this. Not even which licence? From what I can see, you'll are trying the same approach that Buttercoin tried and failed. Betcha a Satoshi, this will not go live next week with legalities in place . Can go live without them. But its getting a bit annoying to track the relevance of these types of news. There was a funny acquisition news as well last month from you'll where the parent company apparently acquired its own product. I did speak to some reporters to publish the news, but they reverted saying that it lacked credibility. Not sure what you think, but these are really bad practices that can hurt you and the community worse than you know. If this is incomplete news or something that is untrue, please keep it on PM's and messages. Getting stuff like this public WILL attract attention. |
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dashingriddler
Legendary
Offline
Activity: 1258
Merit: 1001
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July 05, 2014, 03:41:49 AM |
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It's not about criticising. It just means - only give statements only if you know what you are talking about and you have completely figured out what how and when you are about to do it.
It is hilarious and affects your reputation to first say you will have MSB in a week and then say you are still in process of figuring it out. Watch your words. It matters.
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subvolatil
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July 05, 2014, 04:15:31 AM |
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Pushy !!!! Amit, c'mon it look so blatant, Members in this forum is not the average indian who will believe any thing that is written. Many have been looking into these kinds of things for a very long time. and most are better informed than you and me.
When you publish information make sure you have done it not only cosmetic. It has to be working or complete.
Now you say a US account well in that case you will need both a MBS from FinCEN and a MTSS from RBI for which you need to be a registered NBFC or an IATA Agent. If you are willing to bypas these laws the only people facing problems are your clients, and that too in deep boiling oil. The reason why no one has done this is because of the most obvious reasons that transmitting money or any assets In and out of india would draw in alot of heat, especially to the customers.
Pushy is not what people are doing but just pointing the obvious.
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