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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.
Indian Bitcoin exchange and wallet provider Zebpay reached a major milestone of 500,000 mobile Android users, more than all mobile bitcoin user base in South Korea.
Sandeep Goenka, the co-founder of Zebpay, one of India’s largest and leading bitcoin exchanges, believes that bitcoin price can reach $3,500 by the end of 2017.
The major Indian Bitcoin exchange Zebpay has increased its KYC provisions as police unfreeze a bank account used to sell stolen funds.
Indian Bank of Maharashtra takes three Bitcoin companies to court over suspected involvement in hacking of about $1 mln.
An online petition circulated by DABFI, an Indian self-regulatory body, to its users urges the Indian government authorities to declare Bitcoin as legal.
India’s lack of regulation is helping ‘pyramid schemes with Bitcoin as their base,’ local startups are complaining.
Leading Indian Bitcoin exchanges including Zebpay, Unocoin and Coinsecure have formed an industry-wide organization called the Blockchain and Virtual Currency Association of India.
Indian mainstream media and news networks have begun to extensively cover bitcoin amid ongoing crackdown on gold.
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.
Indian Bitcoin wallet service provider Zebpay is set to secure a $5 mln funding round by October 2016 from prominent US-based venture capital firms.
Windows 10 could be a threat to Bitcoin users’ privacy; Genesis Mining leaves New York over BitLicense; Envestnet acquires Yodlee for US$590 million and more news
Fresh Bitcoin start-up Zebpay recently held their launch event called “The Future of Money” in Ahmedabad on March 19, 2015.
At the end of October, CoinTelegraph spoke to Sandeep Goenka, a co-founder of Indian Bitcoin startup Zebpay, about his team’s plans after taking home top prize in the CoinAgenda conference’s startup competition.
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