BTCXIndia

BTCXIndia
Type Bitcoin exchange
Location Hyderabad[1], India
Founded 2014 (2014)
Key people M.Siva Kameswara Rao (CEO)
Currency Bitcoin
Website btcxindia.com

BTCXIndia is an Indian Bitcoin exchange platform offering customers to trade the crypto-currency bitcoin for Indian Rupees. The exchange is reportedly India’s first exchange to offer a real time trading platform and is by volume the largest in India as of July 2014.[2][3]

History

The exchange was launched on May 5th, 2014 and is based out of Hyderabad in southern India. It is only available to use for Indian nationals. The company is said to have taken a self-regulated approach while waiting for authorities to finalize regulation around crypto-currency in India, and follows know-your-customer procedures and anti-money laundering guidelines at par with similar requirements imposed on regulated financial institution.[4][5][6][7]

References

  1. ↑ "BTCXINDIA". Crunchbase.com. Retrieved 4 January 2015.
  2. ↑ "India's New Bitcoin Exchange BTCXIndia is First with Real Time Trading". Coindesk.com.
  3. ↑ "First Bitcoin Exchange Launches in India". CoinTelegraph. Retrieved 4 January 2015.
  4. ↑ "COMPLIANCE". Btcxindia. Retrieved 4 January 2015.
  5. ↑ "Debut of BTCxIndia, India’s First Bitcoin Exchange". Coinreport.net. Retrieved 4 January 2015.
  6. ↑ "India’s First Bitcoin Exchange Debuts". Valuewalk.com. Retrieved 4 January 2015.
  7. ↑ "Growing interest in Bitcoins: Time for India to welcome it as "currency"?". Indiatimes.com. Retrieved 4 January 2015.
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