India's Unocoin Bitcoin Exchange Resumes Business on January 8th
Following a December raid in Ahmedabad, India on Mahim Gupta's property due to his project Buysellbitco.in, along with a firm warning from the Reserve Bank of India, exchanges and other bitcoin services in the country have been on-edge about associating themselves with the digital currency. But it seems like things may be changing. Bitcoin buy-and-sell house Unocoin will be resuming the business on the 8th of January (Wednesday). As of today, users will be able to log in and view their wallets. It's all thanks to the Bitcoin Alliance of India, and specifically lawyer Nishith Desai - who....
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Unocoin, a trading platform in India, has reportedly been at the center of an intensifying debate in India over the legality and regulation of Bitcoin. The trading platform portends to be India's Bitcoin Exchange, and has shut down once before due to uncertainties over Bitcoin in the country. According to a BitcoinTalk Bitcoin Forum Hero Member, Dashingriddler (OP), who claims to be affiliated with the Unocoin team, the company's directors were asked to visit their local authorities this week. As OP writes, The officer is bothered about bitcoins coming to India bypassing the regulated....
Today, the India is one of the countries where Bitcoin is increasingly being used. With a large number of people of Indian descent and nationality working abroad, Bitcoin is now leading the global remittances to India. Unocoin is one Indian Bitcoin exchange that started in June 2013 when a few members met at the India Bitcoin meet-up group aiming to take Bitcoin to the masses. Soon after this, Unocoin opened its offices in Bangalore and Tumkur, started to provide Bitcoin trading, storage and merchant processing to the public. The company also focused on helping small and medium businesses....
Bitcoin in India is a huge opportunity for players to come in and reap rewards, but tread carefully, this market is full of risk. One company in particular is blazing trails in the Indian bitcoin market with little to zero competition. Bringing Bitcoin to Billions. Unocoin is positioning itself as the “Coinbase of India” for many reasons. They are fully compliant with standing regulations. This is imperative as bitcoin in India enters a murky grey area. UnoCoin currently operates across all of India with most of their clients and traffic coming out of Mumbai – the financial capital of....
Indian bitcoin exchange Unocoin is ramping up its fervent push for bitcoin adoption in India. A new partnership with San Francisco-based bitcoin payments company Bitwage will see Unocoin integrated into the payments platform, enabling India-based workers, employees and businesses to receive wages from foreign businesses faster and at better rates. “For instance, an employee receiving $1,000 USD sent to India could receive 70250.00 INR with Bitwage, far more than an estimated 64481.60 INR through Paypal or approximately 65660.00 INR via Citibank India,” claim Bitwage and Unocoin. Bitwage....
Unocoin is the leading Bitcoin exchange platform in India. The company was launched in 2013 by a small group of Bitcoin Enthusiasts that met in the Bangalore Bitcoin progressive thinkers meet up. Since then, the exchange has grown to be the largest Bitcoin-related company in the country. Unocoin Technologies Private Limited, offices are sited in Dr. Rajkumar Road, 1041/12, 1st floor, 1st main, 4th Block, Rajajinagar, Above State Bank of Mysore in Bangalore – 560010, India. Unocoin also offers tailored services for companies and brick and mortar shops and other online services. Unocoin....