Thursday, Apr 18 2024 | Time 14:20 Hrs(IST)
image
Business EconomyPosted at: Mar 31 2020 1:59PM


Indian Crypto Exchange Obtains Global License and Partners With Mobikwik

NEW DELHI, March 31, 2020 /PRNewswire/ --
BuyUcoin obtains trade and wallet license in EstoniaIntegrates Mobikwik wallet and payment service for Indian crypto exchange platformAnnounces contribution to the COVID-19 RELIEF FUND BuyUcoin has announced its foray into the global crypto markets, when it was granted the Crypto trade and wallet license in Estonia. The Delhi based company plans to offer its platform into countries with legal framework and regulation for cryptocurrencies.
The historic judgment by Supreme Court earlier this month rejuvenated the cryptocurrency industry and there is a shared optimism among the investors, traders, enthusiasts, experts related to the future viability of a supportive legal framework for the digita asset products and service providers. Experts have termed these events as the era of 'Indian Crypto Renaissance.'
"Some call it an exchange of value, some call it a stock and some call it a good/commodity. There may be no difficulty in accepting the divergence of views, if those views are not driven by fear of regulation", the Supreme Court judgment said.
Shivam Thakral, CEO & Co-Founder at BuyUcoin says - "The incredible judgment will lead to economic growth, job creation, investment opportunities along with overall mass adoption for blockchain and cryptocurrency-based products and services. At BuyUcoin, we strive to become the first Indian crypto startup to achieve mainstream international success and global recognition."
After the upliftment of the RBI curb, BuyUcoin entered into a partnership with Mobikwik which further allows Indian users with the ease of simple smartphone-based transactions to buy or sell crypto assets.
The company further plans to enlighten and empower people with the concept of cryptocurrency as it has been noticed that India has been plagued with issues related to a lack of awareness around the workings of cryptocurrencies like Bitcoin.
The current situation of the COVID-19 pandemic spread all around the world has led to most of the firms shutting down their offices and adopt remote work policies to adapt to the hostile situation.
On this Shivam adds, "BuyUcoin has announced an initiative to contribute its part in the fight against this hostile situation. We will donate 15% of our exchange trading fees to the COVID-19 RELIEF FUND for the next 3 months to help the Indian government in its battle against coronavirus."
About BuyUcoin
BuyUcoin is a Delhi based on-ramps Digital Asset Exchange and Blockchain Wallet platform that currently serves 350,000+ users. BuyUcoin is an online platform where traders and consumers transact with multiple digital currencies.
BuyUcoin is one of the oldest major cryptocurrency exchanges in India, founded in 2016 by Shivam Thakral, Devesh Aggrawal, and Atulya Bhatt. It became the first the World's first INR-based multi-cryptocurrency exchange when it introduced Ethereum, Ripple, Litecoin, Stellar, etc for the first time within Indian markets.
(Disclaimer--Features may vary depending on the regions; subject to change without notice.)
Please log in to get detailed story.
Tags: #Indian Crypto Exchange Obtains Global License and Partners With Mobikwik
More News

Sterling Tools signs MoU with South Korea’s Yongin for EV component facility

18 Apr 2024 | 1:05 PM

Mumbai, Apr 18 (UNI) Sterling Tools said on Thursday it has signed a Memorandum of Understanding (MoU) with South Korea’s Yongin Electronics, a major supplier of components to the Hyundai Kia Motor Group.

see more..
Rupee opens flat at 83 52 against USD

Rupee opens flat at 83 52 against USD

18 Apr 2024 | 12:24 PM

Mumbai, Apr 18 (UNI) The rupee on Thursday was unchanged at 83.52, rising by one paisa in the opening session on selling US dollars by bankers and exporters, dealers at the Foreign Exchange said.

see more..
Sensex up over 200 points

Sensex up over 200 points

18 Apr 2024 | 12:06 PM

Mumbai, Apr 18 (UNI) Snapping a losing streak of the last three sessions, the BSE Sensex on Thursday gained 240 points to open at 73183.10 on the strength of commodities, utilities, and auto stocks.

see more..

Ola Electric enters mass-market segment with S1 X range of scooters

17 Apr 2024 | 8:20 PM

Mumbai, Apr 17 (UNI) Auto maker Ola Electric has entered into the mass market segment by announcing new prices for its S1 X portfolio, along with delivery details, of the scooters.

see more..

17 Apr 2024 | 7:45 PM

Mumbai, Apr 17 (UNI) Despite over 17 per cent jump in Revenue, Tata Communications’ net profit has come down more than 46 per cent to Rs 968 crore for the fiscal 2023-24 down from Rs 1796 crore in the previous financial year.

see more..
image