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As Government Readies Cryptocurrency Bill, Coinstore Enters India
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ndtv.comSingapore-based virtual currency exchange Coinstore has begun operations in India
Singapore-based virtual currency exchange Coinstore has begun operations in India at a time when the government is preparing legislation to effectively bar most private cryptocurrencies.
Coinstore has launched its web and app platform and plans branches in Bangalore, New Delhi and Mumbai which will act as its base in India for future expansion, its management said.
"With nearly a quarter of our total active users coming from India, it made sense for us to expand into the market," Charles Tan, head of marketing at Coinstore told Reuters.
Asked why Coinstore was launching India despite the pending clampdown on cryptocurrencies, Mr Tan said, "there have been policy
Read more on ndtv.comAbout this in other media
Draft Cryptocurrency Bill In India: Prison Sentence, Fine Of Up To Rs 20 Crore For Violation ndtv.com /3 years ago
"Lot Of Unhealthy Speculation On Cryptocurrency Taking Place": Finance Minister Nirmala Sitharaman ndtv.com /3 years ago
Singaporean crypto exchange enters India amid regulatory uncertainty cointelegraph.com /3 years ago
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