Unocoin is one of the largest Indian cryptocurrency exchange platforms that was the first cryptocurrency business opened in India. Currently, the Unocoin blockchain and Bitcoin company has become international, as the platform attracted many investors due to its fast and cheap services. Unocoin was founded in 2013 and besides being an exchange, the company organizes conferences and meetings related to Bitcoin. Unocoin also provides unique trading services and a virtual wallet for storing digital assets. It operates transfers in BTC, which is the only one available cryptocurrency there, with relatively low fees. However, the platform also has some disadvantages such as accepting only bank cards and the Indian rupee.
RBI’s recent response to an information request shows that Indian banks are not prohibited from dealing with cryptocurrency business.
RBI Says No Restrictions on Banks Providing Accounts to Crypto Traders
FinCEN’s enforcement against a p2p crypto exchanger could set a precedent, and French instant mashed potatoes go blockchain.
Hodler’s Digest, April 15–21: Top Stories, Price Movements, Quotes and FUD of the Week
The exchange, like others in India, faces an ongoing stranglehold on operations by the central bank.
Unocoin Reduces Staff by 50% Ahead of Indian Supreme Court Cryptocurrency Ruling
Police have seized an allegedly unregistered Bitcoin ATM machine in India and arrested its owner, the co-founder of domestic crypto exchange Unocoin.
Police Arrest Indian Crypto Exchange Co-Founder for Unregistered ‘Illegal’ Bitcoin ATM
Investor Tim Draper may have returned to the Indian markets, but he remains critical of the country’s less-than-welcoming attitude towards cryptocurrencies.
Tim Draper Calls India’s Crypto Stance A “Huge Mistake,” Warns Of Potential Brain Drain
Cointelegraph spoke to India’s three largest cryptocurrency exchanges, which unanimously stated that the cryptocurrency ban rumors are nothing more than FUD.
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Interest in Bitcoin and other digital currencies is booming in the world’s second most populous country, which could be a huge boon for bulls.
Bitcoin Boom Draws Record Number of Indian Investors According to Exchanges