Unocoin CEO Sathvik Viswanath told Modern Consensus that the situation for the crypto industry in India is not as grim as many believe it to be.
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Unocoin launches Indian exchange as looming crypto ban delayed
The exchange is aimed at India’s professional traders and fund managers, as well as retail investors
Unocoin’s decision to invest in such a platform may surprise many given India's regulatory hostility towards crypto assets. As Modern Consensus reported in mid-September, local lawmakers are planning to introduce laws that would entirely prohibit cryptocurrency trading in the country. The lawmakers’ move comes in the wake of a Supreme Court decision overturning a de facto ban by the Indian central bank earlier this year.
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Must-reads for October 24, 2018: New cryptophone, ETF advocates meet SEC, and more Tether drama
These are the crypto stories you should be following today
HTC launches its blockchain-focused phone, but you can only buy it in cryptocurrency (CNBC) The new Exodus 1 phone ban be bought for 0.15 BTC or 4.78 ETH—but you can’t buy it with fiat. “The Exodus 1 comes with a secure enclave — a secluded area on the phone’s chip kept separate from the Android operating system (OS) it runs on — that uses technology made by SoftBank’s Arm Holdings to keep a customer’s cryptocurrency safe,” writes CNBC’s Ryan Browne. SEC Publishes Memorandum From Meeting on SolidX, VanEck BTC ETF Proposal (CoinTelegraph) The meeting occurred October 9. Besides SolidX and VanEck, the Chicago Board Options Exchange (CBOE) was also…
