Quote from: Rotten Egg on April 15, 2015, 07:44:46 PM

Quote from: infonetenergy on April 06, 2015, 05:54:32 AM

Systematic Investment Plan (SIP) is a new and exciting way to acquire bitcoin the first of its kind.

Rather than spending all of your money on bitcoin at once, this is a more conservative approach towards investing in bitcoin. This technique allows you to commit a fixed INR amount towards bitcoin on a regular schedule irrespective of the price. You need to fund your INR wallet and schedule the orders to start with SIP. You may invest as little as 50 INR per interval. This feature helps with financial discipline by averaging out your cost and there by reducing your risk and exposure.

Whats more? Enjoy 0% transaction fee until April 30th, 2015.

https://www.unocoin.com/blog/wp-content/uploads/2015/04/sip-email.png

Source: https://www.unocoin.com/post/346

As I understand, people from outside India can also participate in it as you are accepting bitcoin. But will not that constitute money laundering and thereby putting you in legal trouble ?

Hello,
Bitcoin is an international currency and you cannot always identify from where the bitcoins are coming unless the receiver reveals it. This is true with every broker/exchange all around the world. However we clearly inform people not to do any such money laundering or illegal activities in our terms of service and take it ahead from there.

If you are talking about people from outside India participating in SIP - then they are supposed to have PAN card, address proof and indian bank account to get their account verified and they are also supposed to have indian mobile number where they answer the verification call. Possible they fly to some other country on business trips or what ever reason but still use Unocoin to buy and sell bitcoins.

Regards