Tagged: koinex

Citing Regulatory Duress, Another Indian Crypto Platform, Koinex, Shuts Down

July 2, 2019 @ 2:30 am By Cali Haan |

Citing ongoing pressure from unfavourable government actions, Indian cryptocurrency trading platform Koinex has announced it will “permanently disable” trading services on June 27th, 2019. “A snapshot of the wallet balances at this time will be taken for record, and the effort to disburse INR balances… Read More

Read more in: Asia, Blockchain & Digital Assets | Tagged exchange, india, koinex

What’s the Hold Up? Indian Government Reportedly Concerned Cryptocurrencies Could Destabilize the Rupee

February 6, 2019 @ 7:00 pm By Cali Haan |

Like elsewhere, Indian officials have been contemplating how to properly regulate cryptocurrencies for some time. Now a report from Quartz India says Indian regulators are currently “obsessed” with how cryptocurrencies might destabilize standard currencies, specifically the rupee. Inflation and counterfeiting have been issues in India,… Read More