HomeBlogUnocoin’s Stance on Recent RBI Notice

Unocoin’s Stance on Recent RBI Notice

Unocoin Stance on Recent RBI Notice

We have always believed in offering our customers with the best and most secure blockchain services. Since December 2013, our team has been serving the Indian bitcoin and blockchain community by continuously innovating:

  • Industry leading Crypto-Assets and Blockchain company offering two market leading platforms: Unocoin, an online brokerage for trading bitcoin, and Unodax, an order matching crypto exchange.
  • Providing 24×7 customer support by email and telephone.
  • Unique buying plans such as SBP (systematic buying plans) & OTC (over the counter) along with multi-tier membership programs.
  • Introducing new features such as Crypto Basket, etc.

We are all aware of the RBI’s recent stance issued about the discontinuation of services by RBI regulated entities (banks/ payment gateways) for the purchase and selling of cryptoassets.

Due to the RBI’s recent notification on ‘Prohibition on Dealing in Virtual Currencies’, our banking relationships are likely to be disrupted on or before July 5th, 2018. We are in the process of deploying new mechanisms for INR deposits and withdrawals. This is not a small undertaking and it will take us some time to deploy new solutions, please do not panic. Until further notice from our team, customers may continue INR deposits and withdrawals from Unocoin through normal banking channels as long as our bank accounts are functional beyond which the bank accounts based deposits and withdrawals of INR won’t be available till the RBI’s notice stay effective.

Also Read:

https://blog.unocoin.com/know-how-ethereum-trading-works-7784dfba5367

RELATED ARTICLES
Bringing Real Estate and Gold On-Chain - Tokenization Explained.png

Tokenisation of Real-World Assets (RWAs): Bringing Real Estate and Gold On-Chain

0
In the evolving landscape of blockchain technology, one of the most impactful innovations is the tokenisation of real-world assets (RWAs). From real estate to...
How AI Is Transforming the Blockchain Space.png

AI-Powered Cryptocurrencies: How AI Is Transforming the Blockchain Space

0
As artificial intelligence (AI) and blockchain continue to evolve, the convergence of these technologies is setting the stage for the next wave of innovation...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular