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The demand for India's Bitcoin is Back again

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INDIA

Oct, 26 2020

Oct, 26 2020

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The scale and volume may not be that great as per the current industrial standards but the venture capital inflows in the Indian bitcoin companies struggling to even get to the notice. For adopting the bitcointhere have been long considered going on while establishing the regulations in India. However, it has also hamstrung the growth of the commercial ecosystem of the Bitcoin that has led to frustration for many companies who have been creating and even gaining better service traction along with capital outside who look forward to taking the benefits of the brimming opportunity. 


However, the prime shackles are obstructing, thus growth, which came from march with a ruling that India's supreme court passed for few weeks before thCovid-19 shutdown was implemented. It overturned the prior action from the reserve bank of India that forbidden the Indian banks from even getting into crypto. This resulted in fresh funding and plans for the attacks too. Currently, it is Unicorn, which is the primary company in India that has been capitalizing on the momentum. It has announced new funding that comes with a Series A along with the Draper Associated. 


Once the process is over, the round shall then value the Unocoin at $20 million. To learn better about the progress and the changes that have been happening for the Bitcoin focused projects within India, Buctoin's  Magazine has recently interviewed Unocoin Co-Founder and CEO Sathvik Vishwanath. They discussed the Indian bitcoin change journey that occurred over the past few years. They further also explained the drama to participate in the case before the court compared it with a movie. Over the past few years until 2016, Bitcoin has grabbed different counters' attention, and some came out to be those who were leading in the market.  


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