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
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.