Malaysian Firm Belfrics Launches Bitcoin Exchange in India
Belfrics, which refers to itself as a Malaysian ‘blockchain technology’ firm, has announced the launch of its bitcoin exchange operations in India. In a press briefing, the firm claims to provide a liquid marketplace for buying and selling bitcoins with India’s fiat currency, the rupee. The firm’s foray into the country comes after the much-publicized and controversial demonetization event that led to a crippling cash crunch. Subsequently, interest and adoption of bitcoin as a digital currency has never been higher in the country. The lack of an authority wielding totalitarian moves has....
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Moreover, the company announced plans to introduce PoS and Bitcoin payment gateway solutions in the coming months. India is becoming an appealing country for Bitcoin businesses as of late. Given the turmoil surrounding the rupee banknotes swap, Bitcoin can gain a lot of momentum in the region over the next few years. Belfrics, a Malaysian blockchain technology firm, launched their Indian Bitcoin exchange business on Monday. More competition on the market is always beneficial for cryptocurrency enthusiasts. It is good to see more Bitcoin exchanges open their doors to Indian customers as of....
Cryptocurrency exchange Coinbase has announced that it is launching full-scale crypto trading in India with Unified Payments Interface (UPI) support. However, moments later, the National Payments Corporation of India (NPCI), which developed UPI, stated that no crypto exchange is using the UPI system. Coinbase Launches in India, Hit With UPI Problem The Nasdaq-listed cryptocurrency exchange Coinbase announced Thursday at an event in Bengaluru that its trading platform will be fully available for retail traders in India. The company said that customers will be able to buy cryptocurrencies....
Recently, cryptocurrency trading in India has spiked and grown at an unprecedented level. As the Bitcoin rallies and grows strength by strength, the Indian crypto community has multiplied and with this, a fair and regulated market has been on the top of their demands. Amidst the ever-growing market, there are some existing players that have been operating since the past few years, but the entry of CryptoBiz Exchange has built up a hype as they look to take the market by storm with their features. The Reason for the Hype CryptoBiz has a disruptive business model in place where they aim to....
Huobi Labuan said it's been licensed in Malaysia for a nine-month trial period of cryptocurrency spot and derivatives trading services.
Over the past few months, local Indian Bitcoin exchanges including Unocoin have shown enormous growth, primarily due to the demonetization of banknotes and the financial crisis which subsequently hit the Indian economy. In November and December, Unocoin hit record-breaking trading volumes, reaching the highest total monthly Bitcoin trading volume in November. The company also announced that it obtained the most users in a month in November, after the announcement by Indian Prime Minister Narendra Modi to impose strict financial regulations. A Unocoin spokesperson tweeted: November was yet....