-
ALSO READ
Two arrested for scam involving sham Bitcoin trading
Kerala to produce 20K blockchain experts in next 2 years
Blockchain tech based urban farming platform developed by SRM
Infosys launches blockchain-powered distributed applications
WEF launches blockchain track and trace platform for businesses
-
/ --
BuyUcoin obtains trade and wallet license in Estonia
Integrates Mobikwik wallet and payment service for Indian crypto exchange platform
Announces 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.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU