Indian crypto exchange BuyUcoin gets the global license and MobiKwik partners
When the Crypto Trade and wallet license was issued in Estonia, BuyUcoin declared that it would join the global crypto markets. The company based in Delhi aims to offer its platform to countries that have a legal and regulatory structure for cryptocurrencies.
The historic Supreme Court judgment rejuvenated the cryptocurrency industry earlier this month, and there is mutual hope amongst investors, traders, enthusiasts, and experts on the potential sustainability of a supportive regulation system for digital asset products and suppliers. These events were called the ‘Indian Renaissance Crypto’ by experts.
“Some call it a market trade some call it a product and some call it a good / commodity. There can be little challenge in acknowledging the difference of opinions, unless such opinions are motivated by fear of regulation,” the Supreme Court judgment said.
“The excellent decision would result in economic development, employment formation, investment incentives along with total mass acceptance for blockchain and cryptocurrency-based goods and services. At BuyUcoin, we aim to become the first Indian crypto company to gain international commercial popularity and global recognition,” said Shivam Thakral, CEO & Co-Founder, BuyUcoin.
According to business-standard news, Indian Crypto Exchange Obtains Global License and Partners With Mobikwik
BuyUcoin entered into a partnership with Mobikwik (which has 107 million users, three million merchants, and 200+ billers) after the escalation of the RBI curb, which further allows Indian consumers to buy or sell crypto-assets with the convenience of easy smartphone-based transactions.
It aims to improve the understanding of citizens with a crypto-monetary definition, as India has suffered from a lack of comprehension of the function of cryptocurrencies such as Bitcoin.
The current COVID-19 pandemic scenario scattered all over the planet has culminated in several companies closing down their offices and implementing remote work practices to respond to the aggressive environment.
“BuyUcoin has declared an effort to contribute to the battle against this violent condition. For the next 3 months, we will donate 15 % of our exchange trading fees to the COVID-19 Support FUND to aid the Indian government campaign against coronavirus,” Thakral said.