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WPCS International Incorporated Message Board

  • insidermessagesfrombeyond insidermessagesfrombeyond Dec 26, 2013 11:02 PM Flag

    Bitcoin exchanges shut shop in India

    December 26, 2013 22:32 IST

    "India’s biggest Bitcoin trading platform, BuySellBitCo.in, on Thursday, suspended its operations, citing a recent Reserve Bank of India public advisory that highlighted the risks involved in dealing with virtual currencies.

    The closure of BuySellBitCo.in, which sees about 12 million rupees of Bitcoin transactions every month, spooked other operators and users—with a number of other trading platforms such as INBRTC suspending services indefinitely.

    A substantial number of Indian Bitcoin users also started selling the digital currency in late-evening trades, according to price index Coin Market Cap, with most of them worrying over the potential fluctuation in global prices."

    This is just the first part of the article. Go to Google news if you want to read the rest.

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