Bitcoin Hot News
Belfrics, which refers to itself as a Malaysian ‘blockchain technology’ firm, has announced the launch of its bitcoin exchange operations in India.
In a press briefing, the firm claims to provide a liquid marketplace for buying and
selling bitcoins with India’s fiat currency, the rupee. The firm’s foray into the
country comes after the much-
The lack of an authority wielding totalitarian moves has proven appealing for Indian adopters at a time when the country slowly begins to finds its feet after an unprecedented cash ban.
Belfrics group CEO Praveen Kumar stated:
The element of neutrality that the blockchain can bring to the financial system, without the involvement of an intermediary or a regulatory body, is going to redefine the way in which assets are transacted.
Belfrics also says that it will introduce point-
The firm says its digital currency trading platform will be accessible through desktops as well as mobile devices. There’s no word of a mobile application in the announcement.
The launch of a new bitcoin exchange in India also comes during a time when continuing demand for the cryptocurrency sees bitcoin buying at a premium price.
At Unocoin, a major Indian bitcoin exchange that snagged a record round of funding
from investors home and abroad recently, the price of a single bitcoin is INR 66,590
(approx. $978.61). With taxes and fees via the KYC-
While significant, the figure pales in comparison to a near 35% premium for bitcoin
buying toward the end of November 2016, the month that saw the country’s demonetization
drive was enforced by the Indian government. Unocoin is leading the pack of Indian
bitcoin exchanges pushing for adoption with the release of mobile applications and
APIs for bitcoin-