Ninjastic
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Re: [2016-02-10] ToI: Card frauds used bitcoins to trade money
by
Benson Samuel
on 10/02/2016, 14:47:23 UTC
Quote from: deadley on February 10, 2016, 02:40:39 PM
Quote from: Jeremias on February 10, 2016, 11:14:12 AM
Quote from: Benson Samuel on February 10, 2016, 04:49:00 AM
Quote from: polynesia on February 10, 2016, 12:44:41 AM
I am not too familiar with the real life identities of the people in this forum, but isn't escrow.ms' real name also Pankaj Bharadwaj?

Yeah. Not a very pleasant piece of news.
http://coinsecure.tumblr.com/post/139031335450/a-change-in-coinsecure

How do you ascertain motive of a person buying or selling bitcoin. Is a person guilty of not ascertaining the motive of the opposite party? Do we have to ascertain the purpose of the buy and sell ? more importantly, is it illegal to buy and sell bitcoins in India, as stressed by the police? In that case many of us are guilty, as we have traded in bitcoins. Where has RBI stated that buying and selling of bitcoins illegal?  Huh Huh

RBI did not said it's illegal but also did not said too it's legal. That is the main problem. It's just loop hole we all using this time now.

I don't think had anything to do with the legality of Bitcoin.
This had more to do with the way it was used in this instance.

There is no where that the RBI has mentioned Bitcoin or any other Crypto Currencies to be Illegal