Indian Bitcoin Exchange Unocoin Back Online After Shutdown
Bangalore-based bitcoin exchange Unocoin has come back online, announcing that it will begin trading bitcoins again on 8th January. The return comes after a series of recent events in India that threatened a government crackdown on the country's fledgling bitcoin industry. Unocoin launched in mid-December at the Global Bitcoin Conference in Bangalore. The well-attended conference shone a light on India, and for a couple of weeks the country looked set to become Asia's next bitcoin star as China's crackdown began. At the time, the company stated that financial regulatory compliance was a....
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Unocoin, an Indian bitcoin exchange that facilitates the country’s users to buy, sell and store bitcoins has blocked access to user accounts. The drastic move is a “temporary” measure, the bitcoin startup adds, noting that it is facing a “DNS resolution issue” since the early hours of November 3, Indian time. An email sent out to customers read: Please note that due to a DNS resolution issue that Unocoin.com is facing since 3rd November 2016 morning, the access to Unocoin.com accounts are temporarily restricted. We shall update you shortly once we resume to normal. Due to the same reason,....
Unocoin, the Indian Bitcoin exchange platform has announced the launch of its APIs for international customers. The Indian Bitcoin sector has come of age. Unocoin, one of the country’s “Big Four” Bitcoin exchanges has today announced the launch of a robust API for businesses. According to the company’s latest press release, the new Application Programming Interface (API) will allow companies across the world to gain access to the Indian Bitcoin market. The Bitcoin sector in India has so far been a closed market, with most services confined to the domestic population. By using the Unocoin....
Many Bitcoiners were under the impression that Bitcoin's prospects in India had been shattered after the premises of Mahim Gupta, buysellbitco.in's operator, was raided by Ahmedabad Enforcement Directorate (ED) back in December. Buysellbitco.in was an Indian Bitcoin exchange that had roughly $3 million USD in volume before being taken down, they are currently investigating whether or not money laundering was involved. The raid came just a few days after the Reserve Bank of India (RBI) issued a warning about Bitcoin to the public. Shortly after the raid and the statement from the RBI, many....
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 shopping platform Purse.io today announced a partnership with leading Indian cryptocurrency exchange Unocoin. Bitcoiners can use Purse to get 15-22 percent discounts on Amazon.in. Purse and Unocoin Want to Encourage More Indian Bitcoin Use. Bitcoin use in India is growing rapidly, so Purse wants Indian residents to take advantage of its....