Quote from: BitCoinDream on July 27, 2014, 02:05:58 PM

Quote from: Equate on July 27, 2014, 02:03:20 PM

Quote from: bitcoinkerala on July 27, 2014, 02:47:43 AM

Quote from: Equate on July 26, 2014, 02:07:48 PM

Quote from: polynesia on July 26, 2014, 01:39:15 AM

Quote from: Equate on July 25, 2014, 07:20:51 PM

I was also thinking the same and Bitcoin ATM is not possible in India unless RBI gives the green signal .

Or there is clarity about the classification of Bitcoin.
Think about it - you don't need a green signal from RBI for operating a cola vending machine.

Cola is not related to tax evasion or illegal transactions lol.

How about HSBC ? Its still operating in India right ?

http://www.dailymail.co.uk/news/article-2230349/HSBC-accused-setting-thousands-tax-evading-accounts-Jersey-including-drugs-arms-dealers.html

http://in.reuters.com/article/2012/08/15/us-hsbc-swiss-tax-idUSBRE87E0U620120815

http://www.thehindu.com/business/Industry/hsbc-fears-significant-penalty-in-nri-tax-evasion-probe/article4696089.ece

http://www.bloomberg.com/news/2013-07-02/hsbc-judge-approves-1-9b-drug-money-laundering-accord.html

there are tons of examples of tax evasion by the politicians and bureaucrats as well .

If u start listing out FIAT scams Bitcoin will look miniscule.

Its not about scam per se but lack of control and decentralization that comes with BTC , which is not acceptable to powerful governments.