Post
Topic
Board India
Merits 2 from 2 users
Re: Did you guys hear about the Indian Crypto Bank
by
madhavsinghrajput
on 21/01/2021, 15:06:12 UTC
⭐ Merited by amishmanish (1) ,Heisenberg_Hunter (1)
YES I have also heard about this back in December when news just Popped on my feed that fintech company called cashaa has raised 5 million dollar from Dubai based company Olex to start Crypto banking services. See seriously i think with ever growing fintech sector of india this can be the future of crypto in India. But concern of risk is always there in sort of services and irony is one of it's branch or office in east delhi has already been hacked once and many users had lost there money.
sources:- https://help.cashaa.com/knowledgebase/cashaa-india-otc-hack-update-follow-up/
To be very honest legally speaking I would recommend you all to stay away from this until it gets an RBI NOC to operate
Soo I agree with this that we need to be really carefull while investing in such things.
but again if this turned out well and i have read that CEO of the company is in talk with RBI authority to seek legal permissions for banking than this can be revolutionary.
source:- https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/cashaa-raises-5-million-from-dubai-based-o1ex-a-blockchain-investment-firm/articleshow/77888859.cms