Post
Topic
Board India
Re: Unocoin raises $5 million in Series A
by
pawanjain
on 30/11/2020, 13:19:31 UTC
If an exchange is able to raise money then they can move to countries like Singapore if there is any sort of ban or restrictions by the government, Unocoin was dead for the entire time there was a RBI ban and they did not even plan to move their business to other countries which was disappointing and if they are faced with similar situation hopefully they will move the business outside the country.

Quite true. This is what happened with Zebpay. Since the ban of crypto in India Zebpay was struggling to give it's services to Indian people.
Even though Zebpay had it's exchange outside India the RBI was giving Zebpay, Unocoin and other exchanges a hard time.
Unocoin just vanished in those days while Zebpay still offered crypto to crypto payments.
Now since the ban was uplifted Unocoin came into limelight all of a sudden and even raised the funds.