Quote from: inrbtcad on December 26, 2013, 06:33:40 PM

Quote from: subvolatil on December 26, 2013, 04:57:36 PM

Quote from: Benson Samuel on December 26, 2013, 04:05:17 PM

Found this lying around. Anyone tried it?

https://www.bitquick.in/

Yeh they are something like INRBTC, escrow based.

Based out of India the RBI ruling does not effect them , Infact it should not effect INRBTC as they dont directly transact in INR.

INRBTC should be ok to start business as they dont deal anything in BTC

Yes, INRBTC.com does not take FIAT money. We take commission in bitcoins. It is the users who use the services of INRBTC.com who need protection from legal exposure. As they will be dealing with counter-parties, they need to be assured that the counter-parties are known entities.

We are trying to figure out the best way to protect them. I have sent an email to Aadhar development team for access to their Authentication system on 24th Dec, but I have not received any response so far. They are currently running it on a trial basis. If any of you can get me an intro that would be a good way to start.

As all Aadhar holders are verified by the Government for Identity and Address proof, anybody who holds a valid Aadhar card can transact with any other Aadhar holder. At the same time, we do not need to take and store idendity and Address proof of each individual.

With Aadhar Authentication system, the dual goal of protecting user's idendity and authenticating them can done. This process will also solve the RBI's caution wherein the Users will not deal with anonymous parties.

well you have a competitor https://www.bitquick.in/ who can operate in the country without any interference, they dont even need you to signup or give out any details, every thing is done through emails. i would suggest you to use the pan cards for Auth. and the KYC document requirement and store it with you. let the users do the transactions with the banking details. access to the Aadhar system may take a longer time.