Bitcoin Exchange Unocoin to Repay Users After Account Thefts
Users of Unocoin reported that their funds had been stolen over the weekend, prompting the India-based bitcoin exchange to temporarily close.
India is developing an appetite for crypto derivatives, even as the country's Supreme Court continues to deliberate over the future of the exchange industry.
Police in the Indian city of Bangalore have seized an ATM just weeks after it was set up by crypto exchange Unocoin.
Draper Associates is backing the round for the Bangalore-based cryptocurrency exchange, with $3.6 million raised so far.
Indian regulators' clampdown on crypto firms is forcing exchange Unocoin to experiment with ATMs and stablecoins to continue receiving fiat deposits.
Blockchain, the provider of the world's most popular bitcoin wallet, has partnered with Indian cryptocurrency exchange Unocoin.