OKEx has launched a peer-to-peer trading platform and fiat onramp in India.Cryptocurrency exchange OKEx has announced a new peer-to-peer trading platform launching Aug.5, which allows users to buy digital currencies with zero transaction fees using Indian rupees (INR).The announcement comes hot on the heels of reports that the Indian government is planning to pass a law making cryptocurrency trading illegal in the country.Easy fiat onramp supports major Indian payment platforms At launch the platform is offering Bitcoin (BTC) and Tether (USDT) pairs for INR, with support for further cryptocurrencies promised soon.OKEx describes the platform as a marketplace for traders to make fiat-to-crypto transactions via escrow.
Users may also utilize the most popular Indian payment methods including UPI, IMPS, and NEFT.This fiat onramp for INR will link directly to traders’ existing OKEx accounts, allowing easy access to the wider OKEx trading ecosystem.Indian crypto ban lifted in March but still looms large The announcement acknowledges that the regulatory position in the country is still unclear following the Indian Supreme Court’s overturning of the Reserve Bank of India’s (RBI) blanket ban on banks dealing with cryptocurrency firms earlier this year.It states that the Indian government is in discussion about a regulatory framework for cryptocurrency with the RBI and the Securities and Exchange Board of India.However, as Cointelegraph reported just hours ago, there are now reports that the Indian government is actively working towards a new law banning cryptocurrency trading altogether.OKEx CEO Jay Hao told Cointelegraph that the company had been studying the market keenly for some time.
He noted that talks with the company’s Indian partners seem to indicate that a blanket ban would be unlikely to pass.“We are willing to support our Indian partners and are hopeful that we can work with regulators to clarify their main doubts and issues with cryptocurrencies and help build a framework that allows this booming industry to continue to flourish.” If the ban does go ahead, Hao confirmed that “OKEx will obviously comply with all local laws.” Share this: Multi-blockchain Battler: Crypto Game Allows Warriors To Get Equipped From Two Platforms Crypto game developer 0xGames, creator of blockchain-based space strategy 0xUniverse has created a new multi-blockchain competitive battler, titled 0xWarriors.The company says that 0xWarriors is one of the first multi-blockchain based games where players can use different blockchains, starting with EOS and Ethereum, for interactions with each other and equipping their characters.EOS sword and ETH… Fidelity Leads $13M Funding Round for Israeli Blockchain Startup Clear Israeli blockchain startup Clear has raised $13 million in a Series A round led by Fidelity-backed Eight Roads.Clear — which develops blockchain networks for high-volume transaction systems between businesses — announced the round’s completion in a statement via TechCrunch on Feb.5.Eight Roads is a global venture firm that originates in Fidelity’s first investment business,… Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 3 The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.Every investment and trading move involves risk, you should conduct your own research when making a decision.Market data is provided by the HitBTC exchange.Intercontinental Exchange Inc (ICE) has been loading up on digital assets… Bitcoin Price: Cracking $7.4K Opens Path to $8.1K Resistance — Analyst Bitcoin (BTC) stayed rangebound on Dec.2 after a descent from near $8,000 over the weekend failed to crack the $7,000 support.Cryptocurrency market daily overview.
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