#Koinex

[thecryptoreport]

India: Notable Crypto Exchange Shutters Ops Amid Bitcoin Ban Rumors

India: Notable Crypto Exchange Shutters Ops Amid Bitcoin Ban Rumors

Indian Crypto Exchange Bites The Dust

Despite seemingly massive support for Bitcoin, crypto assets, and blockchain in India, one of the nation’s largest exchanges recently shuttered its operations. According to a blog post published Thursday, penned by a co-founder of Koinex, Rahul Raj, the platform will be closing operations immediately.

Announcement: We’ve to regretfully inform all our users…

[digitalnotice]

RBI Asks Central Bank To Defreeze Koinex’s Bank Account Holding Little Over 12 Crore INR

RBI Asks Central Bank To Defreeze Koinex’s Bank Account Holding Little Over 12 Crore INR

The Reserve Bank of India (RBI) is directed to ask Central Bank to defreeze Koinex’s bank account, holding little over 12 crore INR.

https://twitter.com/maticnetwork/status/1235104383953559552

It has been reported that the court has asked to “set aside” the RBI circular of Banking ban released on April 6, 2018. This means that the circular is no longer valid.

Image: twitter.com

Howe…

[newtechexpress]

2019 Throwback: Bursting the startup bubble

2019 Throwback: Bursting the startup bubble

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The Indian startup ecosystem has many celebratory entrepreneurs today. Names like Sachin and Binny Bansal, Vijay Shekhar Sharma, Bhavish Aggarwal, Ankit Bhati, and Ritesh Agarwal need no introduction.

But, for every Flipkart, Oyo, Paytm, or Ola, there are 90 other failed startups. In fact, according to a report by the IBM Institute for Business Value and Oxford Economics, close to 90…

[btcmanager]

India: Cryptokart Exchange Shuts Down Citing Regulatory Uncertainties 

India: Cryptokart Exchange Shuts Down Citing Regulatory Uncertainties 

Cryptokart, an India-based cryptocurrency exchange is now among several other bitcoin trading venues in the South Asian country that have closed their doors due to regulatory uncertainties and lack of interest on the part of consumers, reports New Indian Express on July 20, 2019. Another Indian Exchange Kicks the Bucket Per the report, Cryptokart isRead More

https://btcmanager.com/india-cryptokart-exchange-regulatory-uncertainties/?utm_source=Tumblr&utm_medium=socialpush&utm_campaign=SNAP

[altcoindata]

Are Indian Banks Processing Crypto Transactions Now?

Indian Banking Future for Cryptocurrencies

  On April 2018 Reserve Bank of India rolled out a circular to Indian banks to ban any transactions related to cryptocurrencies which led to a huge fall in the value of cryptocurrencies in India.  One question which has been bothering everyone since then is, Are Indian banks processing crypto transactions now?

A lot of people suffered a huge monitorial…

[rukinga-blog]

Indian Crypto Startups Look to New Markets to Escape Harsh Environment

Indian Crypto Startups Look to New Markets to Escape Harsh Environment

Crypto exchanges in India such as CoinDCX and WazirX are now setting their sights on global markets after one of the country’s leading exchanges Koinex, shut down operations last week citing an unclear regulatory framework in the country.

Cryptocurrency exchanges are trying options including peer-to-peer transactions, crypto-to-crypto-transactions, and entry into foreign markets to survive the…

[latestnewsfeed]

Koinex Exchange Shuts Down Trading Services in India

Koinex Exchange Shuts Down Trading Services in India

Koinex is the latest cryptocurrency exchange to fall prey to India’s ban on virtual currencies. Months after delisting several cryptocurrencies, the exchange has shut down its trading services. The exchange has blamed uncertainty as well as disruptions for the unexpected decision.

Koinex Shutdown

In an official statement, Koinex says it has always wanted to provide blockchain enthusiasts a…

[thecryptoreport]

India’s Proposed Crypto Ban Could Maroon Investors from Cashing $100 Million+

India’s Proposed Crypto Ban Could Maroon Investors from Cashing $100 Million+

Besides preventing citizens and residents of India from participating in the crypto markets going forward, the proposed crypto ban by the Indian government could also negatively impact investors who have already put their money in digital assets.

No way to liquidate crypto

According to the Times of India, more than $100 million invested by Indians in Initial Coin Offerings (ICOs) since 2016 could…

[digitalnotice]

Best Cryptocurrency Exchanges In India

Best Cryptocurrency Exchanges In India

When buying cryptocurrencies there is no one size fits for cryptocurrency exchanges. Some exchanges are better suited for less-experienced traders and retail investors, while some are geared towards institutions or full-time traders. Each user has its own unique needs when buying cryptocurrency. Though the space is hyper-competitive, each has a different fee structure, trading features, coins on…

[odeybit]

Koinex Exchange Shuts Down Ahead of Crypto Regulation

Koinex Exchange Shuts Down Ahead of Crypto Regulation

Koinex Exchange Shuts Down Ahead of Crypto Regulation

Another Indian crypto exchange has shut down permanently due to the banking restriction and regulatory delays. The exchange cites denials in payment services and a sharp decline in trading volume resulting from the recent news of a draft bill to ban cryptocurrencies.

Also read: Indian Crypto Community Petitions Government for Regulation

Koinex…

[inkitloud-mag-blog]

Koinex, shuts shop forever

Koinex, shuts shop forever

Koinex was founded in 2017 and is the first and the largest exchange that deals with crypto currency in India. Its reputation and value soared in 4 months after its founding. It has 40000 patrons in India and with a value of $265 million in trading.

The good times of Koinex was cut short when the Indian government issued circular banning crypo assets. After the circular Reserve Bank of India…

[goforcrypto]

Koinex Exchange Shuts Down Ahead of Crypto Regulation

Koinex Exchange Shuts Down Ahead of Crypto Regulation

Another Indian crypto exchange has shut down permanently due to the banking restriction and regulatory delays. The exchange cites denials in payment services and a sharp decline in trading volume resulting from the recent news of a draft bill to ban cryptocurrencies.

Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms

Koinex Shuts Down

Indian cryptocurrency exchange Koinex…

[coinnewsdesign]

Binance, WazirX and Koinex support TRON Airdrop

Binance, WazirX and Koinex support TRON Airdrop

TRON bought last year the data platform BitTorrent with over 100 million active users. Within the first quarter of this year, the BitTorrent Token (BTT) will be introduced, which will be distributed to loyal TRX-Hodler using an Airdrop.

On January 3, 1818, the TRON Foundation announced that BitTorrent's peer-to-peer filesharing network will launch its own token, BTT, to reward users for seeding…

[moneyhealthfinance-blog]

Koinex venturing into blockchain, will open development centre in Bengaluru Cryptocurrency exchange Koinex is foraying into blockchain solutions and is inaugurating a development centre in Bengaluru. This development comes at a time when most other cryptocurrency exchanges have either shut operations or moved away from India. “We have done one bit of the entire vision - Exchange. Moving forward we are diversifying our product line,&... Blockchain Search Results

[thecryptoreport]

Indian Crypto Exchange Koinex Delists Six Coins With Low Trading Volume; Is Exchange in Trouble?

Indian Crypto Exchange Koinex Delists Six Coins With Low Trading Volume; Is Exchange in Trouble?

The effect of India’s Central Bank’s fiat ban for crypto-based business is further showing its impact. After the demise of Zebpay and Coindelta, which was also because of the same ban, Indian crypto exchange Koinex is downsizing its offering. The company has announced that it will be delisting 6 tokens: Achain [ACT], CyberMiles [CMT], GAS [GAS], Nano [NANO], NEO [NEO] and Zcoin [XCZ]

Lack of…

[notjustcryptos-blog]

Indian Crypto Exchanges trying to survive RBI prohibition

Indian Crypto Exchanges trying to survive RBI prohibition

In April when the Reserve Bank of India prohibited all its Indian lenders to provide services to the cryptocurrency exchanges and traders in the country, the bourses went on an overdrive of sending missives to the government and the RBI, to probe them, regulate them, but not put a ban on its Rupee operations. On July 5th, this ban came into effect, but the exchanges had already started working on…