Indian Bank Shuts Down Bitcoin Exchange BTCXIndia

Indian Bank Shuts Down Bitcoin Exchange BTCXIndia

After launching about one year ago, BTCXIndia is closing its trading platform because its bank will no longer allow them to operate. The exchange posted a notice on its website stating that they will close down their bitcoin trading platform as of May 20, 2015. BTCXIndia was the first bitcoin exchange in India offering a secure, real-time trading platform, following KYC and AML guidelines, and allowing instant INR (Indian rupee) deposits and withdrawals. "We have today been informed by our bank that they will no longer serve bitcoin businesses," the notice stated. "We have investigated the....


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