22 July 2014 / India Times (Economic Times) BANGALORE: After major setbacks, Bitcoin users in the country are trying to revive the crypto currency feted by geeks as the future of money and reviled by regulators as the currency of the underworld.

Among them is Mohit Kalra, 23, the son of Delhi-based businessman Sanjeev Kalra, who has launched a Bitcoin startup with long time Bitcoiner Benson Samuel in Bangalore.

The Kalras run Toni Zippers, one of India’s largest zipper manufacturing companies which claims 80 percent market share.

To succeed, the startup Coinsecure will have to face potential legal hurdles. But Kalra is confident that the tide will turn in favour of Bitcoins in India.

“We are working with the regulators to make Bitcoins work in India. We won’t launch until we succeed,” said Kalra.

Also, India-based Unocoin, Bitcoin trading platform, which had shut after government raids, has begun operations again. “We took legal help and restarted operations. The volumes have picking up,” said Sathvik V, who runs Unocoin.

Ahmedabad-based Mahindra Gupta who runs Buysellbitco.in, another Bitcoin trading platform which temporarily halted trading, is trying to relaunch in the next couple of months. “We are talking to a few venture capitalists to launch our platform in two-three months. We are consulting with lawyers as well,” said Gupta….. Read more

http://economictimes.indiatimes.com/news/economy/finance/bitcoins-prepare-a-second-coming-in-india/articleshow/38853606.cms

BANGALORE: After major setbacks, Bitcoin users in the country are trying to revive the crypto currency feted by geeks as the future of money and reviled by regulators as the currency of the underworld. Among them is Mohit Kalra, 23, the son of Delhi-based businessman Sanjeev Kalra, who has launched a Bitcoin startup with long time Bitcoiner Benson Samuel in Bangalore. The Kalras run Toni Zippers, one of India’s largest zipper manufacturing companies which claims 80 per cent ..

http://economictimes.indiatimes.com/articleshow/38853606.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Read more at:

BANGALORE: After major setbacks, Bitcoin users in the country are trying to revive the crypto currency feted by geeks as the future of money and reviled by regulators as the currency of the underworld. Among them is Mohit Kalra, 23, the son of Delhi-based businessman Sanjeev Kalra, who has launched a Bitcoin startup with long time Bitcoiner Benson Samuel in Bangalore. The Kalras run Toni Zippers, one of India’s largest zipper manufacturing companies which claims 80 per cent ..

http://economictimes.indiatimes.com/articleshow/38853606.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Read more at: