AxisBank Tweets About Bitcoin ATM

[polynesia]

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine. 

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[delhi]

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine. 

cola is not virtual currency

[polynesia]

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine. 

cola is not virtual currency

The jury is out on bitcoin classification.
Is it a currency? Is it property? Or is it just a collectible?
The government would need to clarify this. The rest would then follow.

[Benson Samuel]

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine. 

cola is not virtual currency

That is correct. Cola is a physical currency

[BitCoinDream]

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine. 

cola is not virtual currency

Cola is not available at ATMs. ATMs must follow RBI norms as it deals with bank accounts which comes under the govt norms. Cola vending machines are free to accept Bitcoin against Cola. Then the problem goes to the Cola company to reflect it in books.

[Equate]

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine. 

Cola is not related to tax evasion or illegal transactions lol.

[bitcoinkerala]

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine. 

Cola is not related to tax evasion or illegal transactions lol.

How about HSBC ? Its still operating in India right ?

http://www.dailymail.co.uk/news/article-2230349/HSBC-accused-setting-thousands-tax-evading-accounts-Jersey-including-drugs-arms-dealers.html

http://in.reuters.com/article/2012/08/15/us-hsbc-swiss-tax-idUSBRE87E0U620120815

http://www.thehindu.com/business/Industry/hsbc-fears-significant-penalty-in-nri-tax-evasion-probe/article4696089.ece

http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html

[polynesia]

How about HSBC ? Its still operating in India right ?

http://www.dailymail.co.uk/news/article-2230349/HSBC-accused-setting-thousands-tax-evading-accounts-Jersey-including-drugs-arms-dealers.html

http://in.reuters.com/article/2012/08/15/us-hsbc-swiss-tax-idUSBRE87E0U620120815

http://www.thehindu.com/business/Industry/hsbc-fears-significant-penalty-in-nri-tax-evasion-probe/article4696089.ece

http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html

Why single out HSBC?

http://www.forbes.com/sites/nathanvardi/2014/01/07/jpmorgan-chase-to-pay-1-7-billion-in-largest-bank-forfeiture-in-history-settles-criminal-madoff-charges/

http://www.marketwatch.com/story/goldman-sachs-and-bain-capital-agree-to-121-million-settlements-in-lbo-antitrust-violations-case-2014-06-11

http://online.wsj.com/news/articles/SB10000872396390444914904577619410325528148

http://www.theguardian.com/business/2014/may/19/credit-suisse-plead-guilty-criminal-charges-us-tax-evasion

[Equate]

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine. 

Cola is not related to tax evasion or illegal transactions lol.

How about HSBC ? Its still operating in India right ?

http://www.dailymail.co.uk/news/article-2230349/HSBC-accused-setting-thousands-tax-evading-accounts-Jersey-including-drugs-arms-dealers.html

http://in.reuters.com/article/2012/08/15/us-hsbc-swiss-tax-idUSBRE87E0U620120815

http://www.thehindu.com/business/Industry/hsbc-fears-significant-penalty-in-nri-tax-evasion-probe/article4696089.ece

http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html

there are tons of examples of tax evasion by the politicians and bureaucrats as well .

[BitCoinDream]

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine. 

Cola is not related to tax evasion or illegal transactions lol.

How about HSBC ? Its still operating in India right ?

http://www.dailymail.co.uk/news/article-2230349/HSBC-accused-setting-thousands-tax-evading-accounts-Jersey-including-drugs-arms-dealers.html

http://in.reuters.com/article/2012/08/15/us-hsbc-swiss-tax-idUSBRE87E0U620120815

http://www.thehindu.com/business/Industry/hsbc-fears-significant-penalty-in-nri-tax-evasion-probe/article4696089.ece

http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html

there are tons of examples of tax evasion by the politicians and bureaucrats as well .

If u start listing out FIAT scams Bitcoin will look miniscule.

[Equate]

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine. 

Cola is not related to tax evasion or illegal transactions lol.

How about HSBC ? Its still operating in India right ?

http://www.dailymail.co.uk/news/article-2230349/HSBC-accused-setting-thousands-tax-evading-accounts-Jersey-including-drugs-arms-dealers.html

http://in.reuters.com/article/2012/08/15/us-hsbc-swiss-tax-idUSBRE87E0U620120815

http://www.thehindu.com/business/Industry/hsbc-fears-significant-penalty-in-nri-tax-evasion-probe/article4696089.ece

http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html

there are tons of examples of tax evasion by the politicians and bureaucrats as well .

If u start listing out FIAT scams Bitcoin will look miniscule.

Its not about scam per se but lack of control and decentralization that comes with BTC , which is not acceptable to powerful governments.

[buysellbitcoin]

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine. 

cola is not virtual currency

Cola is not available at ATMs. ATMs must follow RBI norms as it deals with bank accounts which comes under the govt norms. Cola vending machines are free to accept Bitcoin against Cola. Then the problem goes to the Cola company to reflect it in books.

No arguments, no points from my side... Just a link to share
https://www.youtube.com/watch?v=zlA9tXYxD8g

Now carry on guys.

Regards