Re: India back in the game? Unocoin will go live 8 january!

Somewhat brazen. Is there anything to indicate authorities have given the green light? I don't see anything. In before they get raided.

Give them a chance. I'm sure they understand the situation on the ground better than us.

Half-joking. But given recent events, it does seem brazen. I can't find anything from Indian authorities clarifying RBI's position. All I can find is some stuff about a presumably new organization called Bitcoins Alliance India retaining a law firm which has apparently advised Unocoin to go ahead. Seems dicey, could go either way. Just thought this might be accompanied by some clarity on legality. Doesn't seem so.

After press conference organized by BAI headed by Mr. Nishith Desai, and after the take-aways of the conference are out to public through media, Mr. Nishith Desai has given us a green signal to start Unocoin operations which will be starting on 6th Jan 2014 when the logins will be enabled and Unocoin wallets will be accessible. Buying and selling of bitcoins will go live from 8th of Jan 2014. CoinMonk Ventures and Unocoin is very thankful to Nishith Desai and their team for being a part of press conference and guiding us through till here

- Unocoin Team