BTT and GAS have been credited for the month of June

Watch the Interview of Gaurav Dahake (@gauravdahake) with CoinCrunch (@coincrunchin)

Bitbns reveals something big and interesting.. 👇

http://bit.ly/2JRKqU5

#Blockchain #Cryptocurrency

This Report and Draft Bill will now be examined in consultation with all the concerned Departments and Regulatory Authorities, before the Government takes a final decision.
As virtual currencies and its underlying technology are still evolving, the Group has proposed that the Government may establish a Standing Committee to revisit the issues addressed in the Report as and when required.

Cryptocurrencies are perfectly legal in india as of this writing to trade, hold or transact. Do not panic.

https://en.m.wikipedia.org/wiki/Executive_Order_6102 everyone should read this. Whatever a government does is not always right. The United States had banned holding gold in 1933. Since then gold had appreciated 40000%. They basically robbed a generation of the riches that could have come in from hodling and trading gold. Bitcoin is digital gold and
10 times better version of gold. And has for the same reason been the best investment asset class in the history of mankind and would continue to be. Would you like to get robbed of this opportunity !!! Bitcoin halving is due in 300 days. You have endured one of the worst bear markets of all time and now that good things are due would you miss them. The government has been unable to provide jobs and has had the lowest employment rate in past few decades. The Youth in the country found a path themselves, forged ahead and embraced Crypto. Many have done amazing and many more would. India is the second largest hub of blockchain developers.

Stay connected. The future of crypto globally is bright and India would have to embrace it.

You can't stop an idea whose time has come

Here's the consultation paper in doc format
https://docs.google.com/document/d/1kU13FVW6KWU2o5HHm7SMkvJgVcfD1H0n/edit#

We invite users to comment on different points they feel are incorrect from the government side. The doc is public and you can comment on it. These issues would be raised with the government in different ways

Bitbns as an entity is registered in Estonia.

Users can stay calm and keep investing, hodling or trading. You can transfer your assets from exchanges like koinex or zebpay and have peace of mind restored.

Here's what's most likely expected. The bill won't get tabled in the monsoon session as there are only 3 days remaining and there are few bills already pending. Even if the monsoon session gets extended there's a fairly low probability that it can happen within another 2 weeks. So the next possibility of the bill getting tabled is in winter session which starts in Dec. So nothing can happen for the next 4 months.

The court case is wrt RBI's ring fencing approach of banks not providing services to crypto exchanges. It would be heard today. But it does not matter. P2P works right now and users can deposit and withdraw fiat. Even if the date gets extended it's not going to be impact anything.

It's a welcome change to observe there was hardly any panic and crypto prices didnt get impacted much. So appreciate the fact that the people who are in crypto now are some of the smartest and true believers.

In any case the trading can't stop and it won't stop irrespective of whatever happens. There are always innovations that can be worked out the same way it was done earlier by bitbns after RBI circular :)

Some of the things that are being worked on. All exchanges and different crypto related companies, influencers, media folks are working together to showcase positive aspects of crypto. Request all users to share their positive stories this would help us make the case stronger. Share how trading or crypto has had an impact on your life. How it's your bread and butter or how it provided employment to you.
#IndiaWantsCrypto

The draft has absolutely low probability of getting enacted in the current form. It recommends a jail term for even holding crypto that's worse than rape 😂 So it is not going to get enacted in the current shape and form. Also there would be a long discussion from dec and it can be challenged in court of law before anyting of this sort can happen. But for that to happen we need to ensure we keep sharing positive things that crypto brings in and educate people around us about it. Right now the way they look at it is negative. When they think crypto they think
scam, money laundering, fugazi etc We need to showcase them the positives

Such attempts of roadblocks have also happened with technologies like internet, encryption, electricity etc. It's not a new phenomenon. But if we don't act it can get worse. So share stories. Let them know the positives. Read the draft. Comment where you feel you have a valid point and the draft mentions something arbitrary.

Nothing can stop an idea whose time has come.

Inquilab Zindabad !!

The NRG Trading Contest has concluded and we have got ourselves 233 winners! Yes, it's true. Check the winners list below to find out if you've won!

https://bit.ly/2Gr8Oew

#TheFutureOfFinanceIsHere #Cryptocurrency #Blockchain

👉 Don't forget to watch this video https://youtu.be/XMz_OGHIBEE

✅ Hindi subtitles are there, You can turn it on.

🚨 Anyone directly messaging you first is SCAMMER. Please block and report them as spam.

🚨 Do not share your email id, password or OTP with anyone.

🚨 Do not transfer funds to anyone pretending to be admin, You will loose all your money if you send it to anyone.

🚨 Admins will never ask for deposit in INR/crypto or your email id, password, OTP to solve your issue.

ZIL deposits and withdrawals are live from 2 days. The fork is completed and we have successfully migrated to main net.

We understand that tip has been rising recently due to various factors but people should stop worrying about the tips as Bitbns has provided bountiful of awesome innovative features which can make trading very much easier and convenient for Indian traders even after the RBI blanket ban so make best use of them.

One of those awesome features is our three-way P2P system for processing FIAT transactions, You can deposit/withdraw FIAT via three amazing P2P options.

1] UPI/IMPS P2P
2] USDT P2P
3] Vouchers P2P

We noticed that few bad players were manipulating the tip system and were making it hard for genuine traders to deposit/withdraw FIAT hassle-free so we have done a few major changes in it like:

- Tips are capped at market price in grids which means that users cannot place tip higher than the current highest tip until grid requirement is fulfilled by other withdrawers, Which results in no manipulation/over-inflation of tip and withdrawal list
- Tips also have an upper cap to avoid manipulation/over-inflation.

Most of the people who are doing withdrawal right now are doing arbitrage and they are still in profit after giving tips in UPI/IMPS P2P because the price difference between International and Indian exchange is around that much only.

Now as soon as we noticed that major traffic on UPI/IMPS P2P comes from the arbitragers which results in tip percentage to be around the price difference in our native and international market then we introduced USDT market and USDT P2P

- Worried about how to withdrawal without tips?

Read this article -> https://telegra.ph/Want-to-withdraw-without-TIPS-Absolutely-0-tips-Here-are-the-steps-07-13

And these are the benefits of using USDT P2P and USDT market:

https://telegra.ph/Benefits-of-USDT-market-and-P2P-on-bitbns-07-29

Bitbns expands its cryptocurrency exchange offering to UAE region.

👇🏻
https://youtu.be/gHQk4wkeESI

Hey there,
July is over, so let’s welcome August with good news, shall we? You have got another coin to trade!

Read more 👉🏻 http://bit.ly/2Kbp7yj

PART Deposits are live Now, Deposit Address - http://bit.ly/2T0nNB4

Busting the MYTH around the Tip System on P2P INR.

👇🏻
https://www.youtube.com/watch?v=qYs6zk93mSI

Flipkart has teamed up with ICICI Bank to offer 10 percent instant discount to the bank's credit and debit card users during the National Shopping Days 2019 sale. 😍

https://www.flipkart.com/the-bigfreedomsale-store?otracker=hp_bannerads_1_1.bannerAdCard.BANNERADS_Sale_G7REARLUIBAM&affid=buyhatkegm

Amazon Freedom Sale 2019 has just started for Prime members. The sale will open up for everyone else at midnight, August 8. SBI credit card holders will get an instant 10% additional discount across all products.

https://www.amazon.in/Amazon-Great-Indian-Sale/b?ie=UTF8&node=5731634031

👉 On Flipkart if you have to purchase you need ICICI cards for getting 10% instant discount. 
👉 On Amazon if you have to purchase you need SBI credit cards for getting 10% instant discount. 

What if you don't have these cards? 😱

Worry not, Introducing the world's first P2P card sharing platform https://usemycards.com 😎

You can as a buyer place your request and someone would fulfill the request for you. You just have to put your request and top up the money. You would easily save 5-7% off on every transaction.

As a cardholder you can make good amount of money. You just need to list your card fulfill the order and make money. Card holders stand a chance to make upto 30K a month during sale time.

Join t.me/usemycards to discuss about it. 😄👌

Court update

1) Petition vs UNION OF INDIA AND ORS. regarding implementing regulation - This one was heard today and adjoured till Jan 2020
2) Merged Petitions vs RBI Bank BAN - This one is ongoing and is getting heard

Live updates from court courtesy of CryptoKanoon:

Lawyers representing IAMAI and exchanges are arguing:

-> counsel for exchanges is arguing that RBI restricting banks from providing services to Crypto is a colorable exercise in the guise of consumer interest. It can exercise power in public interest only to the extent as provided under law such as interest of depositors,borrowers etc

-> RBI is its cautionaries gave impression as if some authorization was required for exchanges to run, however no such authorization was required under law.

- > If Crypto was a commodity then SEBI could have stepped in but RBI has nothing to do with it.

- > RBI is only a delegatee of power which cannot exercise same powers as parliament which has a direct impact on legitimate businesses.

-> Court asked Why cant you work without bank?

Counsel answered Any settlement taking place will be converted into cash. users r owners of bitcoin kept in my wallet, when they wish to sell, they sell their bitcoin through my bank account.

-> Court asked show us from your pleadings that any of the company/ business has got shut down due to banking ban effect since this averment is compulsory for making case under article 19(1)g

Counsel showed from page 39 of their writ petition that they have suffered losses.

also showed page 199 stating that exchange has lost users due to banking ban.

-> Manner in which other countries have treated Cryptos has been discussed. Justice Nariman Asked for a detailed chart on that.

-> Technology underlying the Blockchain and Crypto is being explained to the Hon'ble judges.

- > Counsel argues that Cryptos must not be equated to Sovereign Currency i.e., rupee etc.

One is commodity, other is currency.

In support, judgement of Brazilian Supreme Court is being read.


Court hearing ends here. Case will resume on coming Wednesday 14th August 2019.

Thank you!

(PART) Open Orders are live now. 🚀

Place Your Order Now 👉 (link: http://bit.ly/31C4q4b) bit.ly/31C4q4b

Trading Starts at 7pm (IST)

.@ParticlProject - The New Member in our Crypto Family. 🚀👇

Buy and Sell PART with INR only on Bitbns 👉 https://t.co/RuGkwfc89R

#Blockchain #Cryptocurrency https://t.co/g40hx0KZcG

Live updates on the court case by cryptokanoon
https://twitter.com/cryptokanoon/status/1161503291584536576?s=09

Thread by @cryptokanoon: everything that happened at court in today's hearing on IAMAI vs RBI #Crypto #RBI
https://threadreaderapp.com/thread/1161503291584536576.html