Quote from: E.Sam on April 14, 2014, 12:35:40 PM

Quote from: Benson Samuel on April 11, 2014, 01:10:58 PM

Quote from: sporket on April 11, 2014, 01:08:27 PM

^
You do not have a bank account?

I do, but quite a few people I know have been questioned while using their bank accounts to trade.
Would rather not be one of them at this point in time.

But wouldn't that raise flags regarding their own bank account? I mean, wouldn't the indian government ask where this money is coming from? who the investors are? these would be legitimate questions to avoid money laundering. Being the middle man who takes BTC and converts them into fiat would make you an accessory to such scheme. Hence, why they would have to provide the financial body of the country they are operating in proofs that the provenance of such funds are clean. How could they do that since investors would be anonymous?

This, added to the fact that they are unknown, makes this a very very risky enterprise.

My 2 cents.

So....

I invested my Bitcoins.

Period.

Now what?

Oh.. I mined my coins.. if that is going to be the next question.