Earlier this week, Indian Bitcoin exchange BTCXIndia shut down after a banking partner closed the account for an undisclosed reason. Unocoin, an Indian Bitcoin exchange which raised funding from Barry Silbert’s Bitcoin Opportunity Corp., was questioned by local authorities who reportedly said that Bitcoin and the exchange were illegal in India.
When contacted for further information, BTCXIndia was unwilling to give any further details. BTCXIndia CEO Mupparaju Siva Kameswara Rao did state that the exchange was […]
