{"id":373765,"date":"2021-11-29T11:56:04","date_gmt":"2021-11-29T08:56:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/singaporean-crypto-exchange-enters-india-amid-regulatory-uncertainty\/"},"modified":"2021-11-29T11:56:04","modified_gmt":"2021-11-29T08:56:04","slug":"singaporean-crypto-exchange-enters-india-amid-regulatory-uncertainty","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/singaporean-crypto-exchange-enters-india-amid-regulatory-uncertainty\/","title":{"rendered":"# Singaporean crypto exchange enters India amid regulatory uncertainty"},"content":{"rendered":"<p>&#8220;<strong># Singaporean crypto exchange enters India amid regulatory uncertainty <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvYjc3NTgwM2YtYWQxMy00Y2I4LThmMTgtNjdkODk2ZTg3NTgzLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Despite India\u2019s unpredictive stance towards crypto regulations, Singaporean crypto exchange Coinstore has allocated a $20 million fund to set up three new offices in the Indian cities of Bangalore, Delhi and Mumbai.<\/p>\n<p>Coinstore announced to launch its web and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a> platform in India for spot and futures trading, opening up a new crypto investment avenue for Indian investors. The platform mandates Know Your Customer verification before allowing users to purchase and sell over 50 cryptocurrencies. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Coinstore?src=hash&amp;ref_src=twsrc%5Etfw\">#Coinstore<\/a> is very excited to be bringing our services to our users in India!<\/p>\n<p>Thank you so much for your unwavering support towards Coinstore, as we continue to expand our services!<\/p>\n<p>\u25b6\ufe0f<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/I08SlB4iBK\">https:\/\/t.co\/I08SlB4iBK<\/a> <br \/><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/PqYgSafgF8\">https:\/\/t.co\/PqYgSafgF8<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ETH?src=hash&amp;ref_src=twsrc%5Etfw\">#ETH<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/DOGE?src=hash&amp;ref_src=twsrc%5Etfw\">#DOGE<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/exchanges?src=hash&amp;ref_src=twsrc%5Etfw\">#exchanges<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Ae29cTBSpi\">https:\/\/t.co\/Ae29cTBSpi<\/a><\/p>\n<p>\u2014 Coinstore (@coinstore_en) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/coinstore_en\/status\/1465227331685941249?ref_src=twsrc%5Etfw\">November 29, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nCiting Coinstore\u2019s goal to simplify crypto adoption and trading experience, co-founder Jennifer Lu said:<\/p>\n<blockquote><p>\u201cWe are truly excited to have launched our app in India, with over 20% of our active users from India, we decided to start local operations to fully support our Indian users.\u201d<\/p><\/blockquote>\n<p>Complimenting the plan to set up offices in India, Coinstore has also announced 100 im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>te local openings for customer support, marketing and operations division. According to Lu:<\/p>\n<blockquote><p>\u201cThe $20 million fund allocated for India expansion will be utilized mainly for marketing, hiring talent, and development of crypto-related products &amp; services for the Indian market.\u201d<\/p><\/blockquote>\n<p><strong><em>Related:<\/em> <\/strong><strong><em>Crypto prices in India tumble after crypto bill announced<\/em><\/strong><\/p>\n<p>The Indian parliament announced it would introduce 26 new bills in the Winter Session, which included a crypto bill that aims to ban private cryptocurrencies while creating an official digital currency. <\/p>\n<p>While the bill is yet to clarify the meaning of the word \u201cprivate\u201d, the announcement sparked a temporary panic selling phase on the WazirX crypto exchange. As a result of the massive sell-off, the Bitcoin (BTC) price dropped 14.8% locally on the exchange within two hours.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/singaporean-crypto-exchange-enters-india-amid-regulatory-uncertainty\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Singaporean crypto exchange enters India amid regulatory uncertainty &#8221; Despite India\u2019s unpredictive stance towards crypto regulations, Singaporean crypto exchange Coinstore has allocated a $20 million fund to set up three new offices in the Indian cities of Bangalore, Delhi and Mumbai. Coinstore announced to launch its web and app platform in India for spot&#8230;<\/p>\n","protected":false},"author":1,"featured_media":373766,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvYjc3NTgwM2YtYWQxMy00Y2I4LThmMTgtNjdkODk2ZTg3NTgzLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[88066,74894,74863,74860,107431,77310,90774,117,17318,70934,5012],"class_list":["post-373765","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin-in-india","tag-blockchain","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-cryptocurrency-investment","tag-indian-crypto","tag-indian-government","tag-business","tag-india","tag-regulation","tag-singapore"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/373765","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=373765"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/373765\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/373766"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=373765"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=373765"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=373765"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}