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India’s Bitcoin Exchange Koinex Suffers From Bank Blocking Crypto Accounts

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India continues its shaky experiment with money’s future as its domestic population is wild about cryptocurrency. Its government and regulators are less than thrilled, though. The banking system is siding with minders, causing friction between account holders and crypto exchanges. Everyone is pointing to a lack of clarity in the law as origin for the … Read more

While Bitcoin Trades Above $19K In India — Tax Officials Are Snooping for Gains

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Bitcoin is booming in India, and the top trading platforms in the country Zebpay, Coinsecure, Unocoin, and Bitxoxo have seen unprecedented trade volumes and exchange sign-ups. However, in the midst of the bitcoin fever taking place in the region, the country’s Income Tax Department of India (ITDI) has been investigating exchanges and are researching the … Read more