Shiba Inu and Dogecoin Embraced by Another Indian Crypto Exchange

  • December 14, 2021

Shiba Inu and Dogecoin Embraced by Another Indian Crypto Exchange

Unocoin finally lists the two most popular meme coins as Shiba Inu [SHIB] and Dogecoin [DOGE], according to a statement published on the platform’s Twitter handle on December 13th, 2021. The latest listing comes after CoinDCX, India’s first crypto unicorn, revealed Shiba Inu’s inclusion in its retail-focused application a month ago. Prior to that, on October 13th, 2021, ZebPay, the country’s oldest crypto exchange, apparently integrated SHIB.

The trading site informed its users that they would be able to trade DOGE against the Indian rupee following the latest listing. However, the second-biggest canine token, Shiba Inu, does not have a fiat pair that can be traded against Tether, the largest USD-pegged stablecoin.

Unocoin, on the other hand, was founded in 2013 and is known as India’s leading BTC-INR trading platform, earning the moniker “Indian Coinbase.” Earlier this month, the digital asset exchange added support for Unified Payment Interface [UPI] transactions, allowing customers to deposit fiat into the forum much faster.

So far, the Indian crypto sector has been a success

Meanwhile, the Indian crypto market has remained stagnant. The most recent update came from the country’s Finance Ministry, which started during the Lok Sabha [Lower Housewinter ]’s session that a bill on Cryptocurrency and Regulation of Official Digital Currency is being finalized for Cabinet approval. The Ministry previously stated that Prime Minister Modi would make the final decision on India’s much-anticipated crypto laws.

The cryptocurrency bill’s goal, according to the Lok Sabha Bulletin, is to

“provide a structure that will facilitate the development of the RBI’s official digital currency In addition, the bill intends to outlaw all private cryptocurrencies in India. It does, however, allow for some exceptions in order to promote cryptocurrency’s underlying technology and applications.”

So far, numerous sources have discussed the bill’s probable options, including a “blanket ban on all private crypto assets,” a “partial ban,” allowing all or just a select few, and so on. The most recent updates, however, have come from individuals close to the administration, who are reportedly considering giving digital asset holders a deadline to reveal their assets, with fines and jail sentences for those who do not comply.

Movine Oduor
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