to launch a Bitcoin exchange in India

Despite the recent doubts raised by RBI’s advisory on Bitcoin, seems to be challenging RBI by starting an exchange in India.

Refer article

Though RBI has not come up with a specific guideline and hence it is true that BitQuick may be right in saying that there is nothing illegal about their activity, the tone of their statements are not in good taste. It is in the nature of challenging RBI and could have an adverse impact.

Naavi has been persuading RBI to come up with a proper guidelines to remove the uncertainty but does not support the challenge mounted on the Indian regulator.

I hope this arrogance is curbed in the larger interest of the Bitcoin community in India.



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About Vijayashankar Na

Naavi is a veteran Cyber Law specialist in India and is presently working from Bangalore as an Information Assurance Consultant. Pioneered concepts such as ITA 2008 compliance, Naavi is also the founder of Cyber Law College, a virtual Cyber Law Education institution. He now has been focusing on the projects such as Secure Digital India and Cyber Insurance
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