Tag: Reserve Bank of India

Stablecoins Gaining Popularity in India to Minimize Central Bank’s Impact

News A rising number of cryptocurrency exchanges in India are incorporating stablecoins like trueusd (TUSD) and tether (USDT) for their platforms. They are a part of those options exchanges have develop so as to decrease the effect of the crypto banking ban imposed by the nation’s central bank. Unocoin, among India’s biggest crypto exchanges, declared […]

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Indian Crypto Exchange Unocoin Suspends Fiat Deposits, Withdrawals in Wake of RBI Ban

Unocoin, a significant Indian crypto pockets supplier and alternate, has suspended rupee (INR) deposits and withdrawals “as per orders” from the nation’s central financial institution, in accordance with Unocoin’s blog post July 23. Unocoin notified its prospects that fiat deposits and withdrawals are “temporarily disabled” till “an alternative method of funding is identified and deployed.” […]

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