Quote from: Decoded on February 10, 2016, 09:31:36 PM

This is what happens with bitcoin. A bitcoin user, highly trusted can be an illegal carder. Ty anonymity.

Wait... Does that mean bitcoin is illegal in India?

There are few things to it........ the same way it happened with Ross Ulbricht, he confessed under duress, in India there is no 5th amendment or in short no protection against self incrimination. If we all take everything that has been reported as true, then why are we ignoring the trivias. For instance The Joint Commissioner of Police (source http://timesofindia.indiatimes.com/tech/tech-news/Card-fraud-Cybercriminals-using-bitcoins-to-trade-money/articleshow/50927536.cms?)categorically says that Bitcoin as a form of payment is illegal in India as decreed by Reserve bank of India - which is utter rubbish. Police arrested Pankaj as they do not have any other scape goat. He is arrested because he has dealt in bitcoins and failed to ascertain the motive of the people involved in the trade. The same way Charlie Shrem got indicted - allegedly supplying bitcoin to drug dealers. They arrested him because he failed to ascertain the motive of the people who bought bitcoins. So, the case is, if I sell knives and some one buys one to commit murder, then I am a party to the crime - is this fair.

The point which everyone alludes to is - Police in India has deemed Bitcoin buying and selling illegal (in cash or through bank channels) sooner or later you will find users getting rounded up for using bitcoins. Pankaj received money and sent Bitcoins in return that is his only crime. His honesty in deals and on localbitcoins is above reproach. He is not a guy to get involved in card fraud. He was used and dumped.

It is easy to label someone as a scammer, there are many who have dealt with pankaj on this forum as well as on localbitcoins. He dealt with someone in cash and that someone turned out to be a carder. He is not a carder neither a scammer. Wait for the outcome of the trial - if he is allowed one.