Cryptocurrency bank Cashaa to launch banking operations in India for customers of virtual currencies like Bitcoin from August

New Delhi: Cryptocurrency bank Cashaa will soon launch banking operations in India for customers of virtual currencies like Bitcoin from August.

Cashaa founder and CEO Kumar Gaurav said, “Cashaa says it’s launched Unicas, the world’s first crypto-friendly financial organization with physical branches in India in association with the United Multistate Credit Co-operative Society. It allows services for both crypto and fiat (currencies) from one bank account .”

“We will be coming to India next month. We will be launching personal bank accounts in order that personal traders can do Peer to see trading. Cryptocurrency traders are going to be ready to transact without worrying of their bank accounts being frozen,” said Kumar Gaurav, CEO and Founder, Cashaa.

Also, Cashaa also will offer debit cards and loans against cryptocurrencies also as loans for purchasing cryptocurrencies, Gaurav said.

Bitcoin

According to reports, Cryptocurrency bank Cashaa plans to extend loans to buy cryptocurrencies and open savings accounts for its customers. Meanwhile, the government is also planning to bring in a law to regulate cryptocurrencies.

Operations will start in New Delhi, Gujarat and Rajasthan with plans to expand to Maharashtra, Uttar Pradesh and West Bengal gradually.

However, the Finance Ministry and the RBI did not respond to queries about the legal position of Cashaa’s bank.

Want to invest in cryptos? Here’s the Beginners guide to kickstart your journey

 

 

The post Cryptocurrency bank Cashaa to launch banking operations in India for customers of virtual currencies like Bitcoin from August appeared first on NewsroomPost.



Comments

Absolutely knowledgeable content. Thanks for sharing this kind of content. It is very helpful and very informative and I really learned a lot from it. Bep20 Contract Creation and Token Development Services
Extremely useful information which you have shared here aboutbest bitcoin wallet Canada. This is a great way to enhance knowledge for us, and also beneficial for us. Thank you for sharing an article like this.
Laura Bush said…
Thanks for publishing such great information. You are doing such a great job. This information is very helpful for everyone. Keep it up. Thanks. Best Crypto Airdrops
Weston Parker said…
Great job for publishing such a nice article. Your article isn’t only useful but it is additionally really informative. Thank you because you have been willing to share information with us. Read more info about Sell Bitcoin