India’s Unocoin & Unodax Exchange Stop Withdrawals Amidst RBI Crypto Ban

2018-7-25 02:38

India Exchange Unocoin Ceases Withdrawals

Unocoin, an India-based exchange, has suspended withdrawals after India’s central bank made several demands.

The suspension affects fiat deposits and withdrawals. According to the platform, “Cryptoasset(coin) deposits and withdrawals are ON @ Unocoin & Unodax; Using INR Balance Buy and Sell BTC/ETH in ON @ Unocoin; Crypto-rupeve and crypto-crypto pair trading are ON @ Unodax.” The transactions came under fire after the central bank ordered that banks cease dealing in cryptocurrencies altogether.

The exchanges impacted by the order retaliated, filing a petition against India’s Reserve Bank. The petition reached India’s Supreme Court, which upheld the central bank’s decision and suggested that the platform will issue a definitive ruling as well.

There are some efforts on behalf of exchanges to work around the order. For example, platforms have tried implementing crypto trades for crypto and peer-to-peer arrangements.

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India Coin (INDIA) на Currencies.ru

$ 6.733E-5 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 1.49 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 999999
Доступно / Всего 0 INDIA

unocoin withdrawals exchange india deposits unodax platform

Источник: bitcoinexchangeguide.com

unocoin withdrawals → Результатов: 7


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