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CNBC revealed that the Indian government committee has ruled in favor of regulating bitcoin on June 20.
In India, with thousands of new users flocking to Bitcoin every day, exchanges have been overwhelmed. Zebpay introduced a daily limit of $780 on Bitcoin purchases.
Leading Indian Bitcoin exchanges including Zebpay, Unocoin and Coinsecure have formed an industry-wide organization called the Blockchain and Virtual Currency Association of India.
India’s payment landscape has mirrored four major global shifts that demonstrate the country’s huge potential for exponential growth in the next four years.
India’s leading Bitcoin exchange, Coinsecure, has announced its partnership with Netki, with the purpose of allowing its Bitcoin wallet users to create their own wallet names.
Benson Samuel is the CTO & Co-Founder of Coinsecure, a start-up focusing on solving the liquidity problem of bitcoin in India.
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