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Manish is the Founder and CEO of Fello, a fintech startup that is gamifying investments and personal finances. Manish has over 7 years of experience in the fintech ecosystem and prior to founding Fello, he helped scale Koinex and Flobiz. In this conversation he talks about RBI's regulations and compliance, the MASSIVE Unsolved opportunities in fintech and gamifying finances. Topic:00:00 Introduction02:29 Manish's take on Paytm Vs RBI saga09:15 How RBI regulations are affecting fintech22:02 Building a legally compliant Business27:35 Massive Unsolved Opportunities in Fintech35:29 What is Fello? Its ideation and execution 42:25 Achieving Product Market Fit43:37 Gamifying your Finances47:47 Customer Acquisition 53:47 Building Trust with Consumers57:44 Studying Customer Behaviour1:01:32 The YC experience1:07:23 What's next for Fello1:12:28 Becoming a Generalist1:17:25 Books and Podcasts recommendation ------------------------------------- Click here to get regular WhatsApp updates:https://wa.me/message/ZUZQQGKCZTADL1 ------------------------------------- Connect with Us: Linkedin: https://www.linkedin.com/company/startup-operatorTwitter: https://twitter.com/OperatorStartup ------------------------------------- If you liked this episode, let us know by hitting the like button and share with your friends and family. Please also remember to subscribe to our channel and switch on the notifications to never miss an episode!
Starting a Business is one of the biggest challenges any entrepreneur will face. There are many questions to answer at the very beginning when starting a business, but the most difficult one is the question of what exactly you want to do. About Manish Maryada I am Manish Maryada, Founder, and CEO of Fello-an EF and Y Combinator-backed company. I have been associated with the fintech ecosystem for over 6+ years and helped in scaling early-stage startups like Koinex and Flobiz across Product, Strategy, and Operations. At Koinex, I was one of the first team members and worked along with the founders in scaling the company to an exchange doing a trading volume of $265M USD per day. Post-Koinex and Flobiz, I have been one of the Founders in Residence of EF-Bangalore 4th Cohort where I started to build Fello in 2021. My fintech expertise is complemented by a Master's Degree in Finance from Texas A&M University College Station. --- Support this podcast: https://anchor.fm/tbcy/support
Rahul Sanghi most recently served as Fintech Lead for Visa in India & South Asia. He began his career as a consultant with KPMG in London, spending a majority of his time helping the firm set up its global enterprise blockchain and crypto asset advisory practice. He moved back to India in 2018 and joined Koinex (then India's largest cryptocurrency exchange) as Director of Business and Strategy, before assuming the same role at B2B-SaaS startup FloBiz. He is currently the co-founder of Tigerfeathers, a media brand that is being built for Web3.
India is the second-largest internet market in the world with more than 70 million small and medium-sized businesses (SMBs). But only a fraction of them is utilizing the advantages of digitization. The Founder Thesis podcast presents to you a two-part series, where Akshay Datt speaks with Rahul Raj, Founder and CEO of FloBiz. Rahul started his entrepreneurial journey in 2017, a year after graduating from IIT Kharagpur with Koinex, which was India's fastest crypto exchange. Later in 2019, he started FloBiz, a Bangalore based neobank start-up that helps small and medium-sized businesses (SMBs) across India. Their flagship programme, myBillBook, is a complete GST building and accounting solution designed to assist SMBs by digitizing their billing and accounting operations. Tune in to this episode to hear Rahul speak about his entrepreneurial journey and how FloBiz is speeding up tech adoption in the SMB segment. What you must not miss! Working Model of Koinex. The core idea of FloBiz. Customer acquisition strategies. Plans for value-added services. ----- If you want to be a podcaster, then check out Zencastr.com which is also the generous sponsor for this episode. Zencastr is like a Shopify for podcasters taking care of all your needs from recording to editing to hosting. Show your love for this show by using this link to sign up: https://zen.ai/founderthesis (https://zen.ai/founderthesis)
India is the second-largest internet market in the world with more than 70 million small and medium-sized businesses (SMBs). But only a fraction of them is utilizing the advantages of digitization. The Founder Thesis podcast presents to you a two-part series, where Akshay Datt speaks with Rahul Raj, Founder and CEO of FloBiz. Rahul started his entrepreneurial journey in 2017, a year after graduating from IIT Kharagpur with Koinex, which was India's fastest crypto exchange. Later in 2019, he started FloBiz, a Bangalore based neobank start-up that helps small and medium-sized businesses (SMBs) across India. Their flagship programme, myBillBook, is a complete GST building and accounting solution designed to assist SMBs by digitizing their billing and accounting operations. Tune in to this episode to hear Rahul speak about his entrepreneurial journey and how FloBiz is speeding up tech adoption in the SMB segment. What you must not miss! Working Model of Koinex. The core idea of FloBiz. Customer acquisition strategies. Plans for value-added services. ----- If you want to be a podcaster, then check out Zencastr.com which is also the generous sponsor for this episode. Zencastr is like a Shopify for podcasters taking care of all your needs from recording to editing to hosting. Show your love for this show by using this link to sign up: https://zen.ai/founderthesis (https://zen.ai/founderthesis)
On this episode, Rohan asks the question, "What is Web 3.0?" to Rahul Sanghi, Co-founder at Tigerfeathers, a media brand that is being built for Web3. Rahul most recently served as Fintech Lead for Visa in India & South Asia. Rahul began his career as a consultant with KPMG in London, spending a majority of his time helping the firm set up its global enterprise blockchain and crypto asset advisory practice. He moved back to India in 2018 and joined Koinex (then India's largest cryptocurrency exchange) as Director of Business and Strategy, before assuming the same role at B2B-SaaS startup FloBiz.This week, Rohan and Rahul discuss what Web 3.0 means, what the advantages of it are going to be, and why the layman should care about it. They also talk about Web 3.0 in relation to Web 1.0 and 2.0, how Web 3.0 design principles could be incorporated in building the Metaverse, how Facebook's and other tech giants' moves in the metaverse space could affect the decentralisation aspects of Web 3.0Sponsored by CoinSwitch Kuber.Do take out a couple of minutes to fill our survey: https://www.surveymonkey.com/r/6HP2RVBFollow Rahul: https://twitter.com/RahulSanghi1Follow Rohan on Instagram: https://www.instagram.com/mojorojoDownload the CoinSwitch app today on Android and iOS devices at https://play.google.com/store/apps/details?id=com.coinswitch.kuber&hl=en_IN&gl=US and https://apps.apple.com/in/app/coinswitch/id1540214951You can listen to this show and other awesome shows on the new and improved IVM Podcasts App on Android: https://ivm.today/androidor iOS: https://ivm.today/ios
Rahul is the co-founder & CEO of FloBiz, a Bangalore-based SMB growth focused neo-bank that he started with co-founders Aditya Naik & Rakesh Yadav in 2019. In the past, the trio built India's first digital assets exchange Koinex in 2017. As CEO, he plays an active role in the company's business development, marketing & growth strategies. He believes that despite being a significant contributor to the nation's economy, SMBs are deprived of opportunities and encouragement. With the FloBiz team, he aims to unlock the immense potential of SMBs and entrepreneurs, by leveraging technology to solve the most crucial pain points of the sector.
Rahul is the founder and CEO of Flobiz, a company that primarily builds billing and inventory management softwares for Indian SMBs and works towards digitizing the SMB space. Rahul is a serial entrepreneur whose previous startups were Zaaika and Koinex. In this interview he spoke about building for SMBs, building trust with SMBs and more! Key highlights of this conversation: 00:00 Introduction 01:23 Rahul's entrepreneurial journey so far 03:58 Market to Idea to Company 07:16 Building for SMBs 11:35 SMBs' perception of software 14:20 Flobiz's popular use cases 18:16 Building for the Bharat User 23:49 Pricing a SaaS product 28:27 Building Trust with SMBs 34:13 Digitizing SMBs through covid 37:37 Flobiz's opportunities for expansion 39:28 Rahul's take on Atmanirbhar Bharat 43:08 Learnings from being a serial entrepreneur 48:00 Lessons from Operating through Covid -------------------------------- Connect with Rahul: LinkedIn: https://www.linkedin.com/in/startupkesari/ Twitter: https://twitter.com/startupkesari -------------------------------- Connect with us: Linkedin: https://www.linkedin.com/company/startupoperator Twitter: https://twitter.com/OperatorStartup -------------------------------- If you liked this episode, let us know by hitting the like button and share with your friends and family. Please also remember to subscribe to our channel and switch on the notifications to never miss an episode! --- Send in a voice message: https://anchor.fm/startup-operator/message
Here are the top cryptocurrency news headlines from India this week:Supreme Court lifts RBI’s banking ban: https://www.youtube.com/watch?v=mGiXtL7A5jE ;Indian exchanges open banking channels; The road ahead for the Indian crypto industry; WazirX announces collaboration with global prime broker Troy Trade: https://medium.com/troy-trade/troy-collaborates-with-india-exchange-wazirx-in-brokerage-system-integration-78920a43b7b2 ;Bitbns exchange to launch the pre-public BNS token sale; CoinDCX exchange announces a scheme to earn Free BTC worth INR 500 for new depositors: https://support.coindcx.com/support/discussions/topics/36000014972 ;Koinfox has become an official Binance Broker Partner: https://coincrunch.in/2020/03/05/india-based-crypto-trading-terminal-koinfox-becomes-binance-broker-partner/ ;Checkout blockchain policy specialist Tanvi Ratna's analysis of the Supreme Court Judgement: https://www.youtube.com/watch?v=OGt6Ez1LrC8Read the entire Supreme Court judgment here: https://main.sci.gov.in/supremecourt/2018/19230/19230_2018_4_1501_21151_Judgement_04-Mar-2020.pdfSign up on CoinDCX: https://coindcx.com/signup?r=32378768$$Pexpexkh
Here are the top cryptocurrency news headlines from India this week:RBI Cryptocurrency Case Scheduled for Hearing on October 15th; Bithumb exchange plans to enter Indian market: https://inc42.com/buzz/koreas-bithumb-urges-india-govt-to-regulate-cryptocurrency-bitcoin/;Indian Police Can’t Sell Seized Crypto Due to RBI’s Banking Ban: https://cryptodost.io/india/indian-police-cant-sell-seized-crypto-due-to-rbis-banking-ban.html ;Hyderabad-based startup InstaDapp raises $2.4 million dollars: https://cryptodost.io/india/hyderabad-based-instadapp-raises-2-4-million.html
Here are the top cryptocurrency news headlines from India this week:Facebook Confirms that Libra will not launch in India: https://cryptodost.io/news/its-official-facebook-libra-will-not-launch-in-india.htmlIndian Police to Undertake Training to Investigate Crypto Cases: https://cryptodost.io/news/indian-police-to-undertake-training-to-investigate-crypto-cases.html ;Koinex extends crypto withdrawal deadline to July 22nd; WazirX lists five more coins under its rapid listing initiative.
Here are the top cryptocurrency news headlines from India this week:Koinex Shuts down due to the RBI banking ban: https://cryptodost.io/news/koinex-to-shut-down-its-exchange-services.html ;Financial Action Task Force releases crypto guidelines: https://news.bitcoin.com/fatf-global-standards-crypto-assets/ ;Another Crypto Racket worth 50 crores Busted in Madhya Pradesh: https://www.news18.com/news/india/madhya-pradesh-stf-busts-intl-cryptocurrency-racket-worth-rs-50-cr-over-1000-investors-duped-2203533.html ;WazirX launches six new coins under its rapid listing initiative ;Bitbns lists Energi.
On this edition of the Crypto.IQ Daily Radio Show we do a deep dive market analysis. Bitcoin (BTC) has had a wild past 24 hours, peaking as high as $13,880 yesterday afternoon before declining as low as $11,200 this morning. The CME Bitcoin Futures Expiration tomorrow may be related to the current turbulence in the crypto market. It seems the fundamentals behind this year’s crypto rally are still in place, including Chinese capital outflows, a potential stock market recession in the future, and tensions with Iran. We discuss how another city in Florida was hacked by ransomware and was forced to pay half a million dollars of Bitcoin (BTC), and how the Singapore exchange Bitrue was hacked for $4.3 million. Learn about how the Indian crypto exchange Koinex is closing down due to increasingly strict regulations, and in general Indians have transitioned to peer to peer Bitcoin (BTC) trading due to the lack of crypto exchanges. Hear about how Craig Wright is appearing in a Florida Federal Court tomorrow in relation to the 1.1 million Bitcoin (BTC) lawsuit between him and the heirs of Dave Kleiman.
Today's cryptocurrency and blockchain news. Coinbase Crashes Briefly as Bitcoin Dives Koinex Closing; Houbi Expanding in Turkey China Warming to Bitcoin?
Here are the top cryptocurrency news headlines from India this week:Nirmala Sitharaman takes over as new Finance Minister of India: https://cryptodost.io/news/nirmala-sitharaman-becomes-indias-new-finance-minister-hope-for-crypto-industry.html ;Final Report on Cryptocurrency to be submitted to the new Finance Minister: https://cryptodost.io/news/cryptocurrency-report-to-be-submitted-to-indias-new-fm-nirmala-sitharaman-soon.html ;Telangana State Announces Draft Policy for Blockchain District in Hyderabad: https://cryptodost.io/india/telangana-announces-draft-policy-for-blockchain-district-in-hyderabad.html ;WazirX Launches Stop Limit Order Feature: https://cryptodost.io/news/wazirx-launches-stop-limit-order-feature.html ;Bitbns has listed Zebi on its platform;Koinex has announced a final withdrawal deadline for its recently delisted coins.
Here are the top cryptocurrency news headlines from India this week:NASSCOM urges RBI to include cryptocurrencies in its regulatory sandbox: https://cryptodost.io/india/nasscom-wants-rbi-to-include-crypto-in-regulatory-sandbox.html ;WazirX releases new version of its Android app;Bitbns introduces 4x leverage for margin trading: https://medium.com/bitbns/now-avail-3x-leverage-on-margin-trading-90020da755 ;New announcements from Koinex regarding crypto deposits and withdrawals.
PS: There was some issue with the background music on our podcast. So, you will not hear the familiar Cryptocurrency Weekly Podcast tune today. However, the content remains as solid as ever :)Top cryptocurrency news from India this week:Facebook may launch its cryptocurrency in Q3 2019: https://cryptodost.io/news/facebook-may-launch-stablecoin-in-the-next-quarter.html ;WazirX Launches P2P Platform in Indonesia: https://cryptodost.io/news/wazirx-launches-p2p-platform-in-indonesia.html ;Koinex resumes its services: https://medium.com/koinex-crunch/safety-security-is-paramount-4e9472f1e07c ;Coinome exchange shutting down on May 15, 2019: https://cryptodost.io/news/coinome-exchange-shutting-down-on-may-15-2019.html ;Zebpay Launches in Australia: https://cryptodost.io/india/zebpay-launches-in-australia.html ;CoinDCX lists COSMOS.
Here are the top cryptocurrency news headlines from India this week:Indian regulators considering a complete cryptocurrency ban: https://cryptodost.io/news/indian-regulators-seek-complete-ban-on-cryptocurrencies-economic-times.html ;Crypto lending company BlockFi launches in India: https://cryptodost.io/bitcoin/blockfi-paying-interest-on-53-million-worth-of-crypto-deposits-also-launches-in-india.html ;Koinex delists Bitcoin Cash SV: https://cryptodost.io/news/koinex-exchange-delists-bitcoin-sv-bsv-withdrawals-open-till-may-11th.html ;
Here are the top cryptocurrency news headlines from India this week:RBI leaves out the cryptocurrency industry from its regulatory sandbox framework: https://cryptodost.io/news/rbis-regulatory-sandbox-does-not-have-a-place-for-cryptocurrency-startups.html ;Coinbase launches crypto to crypto trading in India: https://cryptodost.io/news/coinbase-launches-crypto-to-trading-in-india-and-10-more-countries.html ;Indian banks consider use of blockchain technology to boost payments: https://cryptodost.io/news/indian-banks-considering-blockchain-technology-to-boost-payments.html ;Unocoin exchange lays off half its staff: https://cryptodost.io/news/unocoin-has-laid-off-half-its-staff-signs-of-trouble-at-the-exchange.html
Here are the top cryptocurrency news headlines from India this week:BJP Manifesto talks about blockchain: https://cryptodost.io/india/bjp-manifesto-mentions-blockchain-twice-will-crypto-regulations-come.html ;G20 members to meet in June to discuss crypto regulations: https://cryptodost.io/news/g20-to-announce-new-crypto-regulations-in-june.html ;TCS completes its first securities settlement over blockchain: https://cryptodost.io/india/tcs-completes-securities-settlement-over-blockchain.html ;Koinex delists six cryptocurrencies: https://cryptodost.io/altcoins/koinex-delists-six-cryptocurrencies-neo-gas-achain-nano-zcoin-and-cybermiles.html ; CoinDCX completes one year.
Here are the top cryptocurrency news headlines from India this week:WazirX plans global launch: https://cryptodost.io/news/wazirx-goes-international-registrations-for-global-users-open-next-week.html ;Bahrain courts Indian crypto businesses: https://cryptodost.io/india/bahrain-tries-to-woo-indian-crypto-companies.html ;New data reveals top 5 most popular cryptocurrencies in India in 2019: https://news.bitcoin.com/most-popular-cryptocurrencies-india/and finally we look at some more Indian cryptocurrency exchange updates.
Here are the top cryptocurrency news headlines from India this week:Supreme Court gives the Indian government four weeks to come up with cryptocurrency regulations: https://cryptodost.io/news/supreme-court-asks-government-of-india-to-finalise-cryptocurrency-regulations-in-4-weeks.htmlSEBI plans regulatory sandbox for blockchain in securities markets: https://www.news18.com/news/business/sebi-mulls-regulatory-sandbox-for-adopting-ai-blockchain-in-securities-markets-2051841.htmlKoinex launches three new products under its delta framework: https://cryptodost.io/india/first-look-at-koinex-pulse-and-the-first-block-new-products-from-koinex.htmlIIM Calcutta rolls out a new blockchain program;Another ICO scam BitsTrades Busted in India: https://cryptodost.io/news/another-fraudulent-ico-bitstrades-busted-in-india.html Indian exchanges activate Ethereum's hard forks: https://cryptodost.io/news/ethereums-constantinople-and-st-petersburg-upgrades-activated.htmlKoinex lists USDT: https://cryptodost.io/india/koinex-adds-tether-on-its-exchange-and-express.htmland more exchange updates.
Here are the top cryptocurrency news headlines from India this week:India’s new cyber forensic lab can handle cryptocurrency related cases: https://cryptodost.io/news/indias-new-cyber-forensic-lab-equipped-to-handle-cryptocurrency-related-cases.htmlNASSCOM pushes for cryptocurrency regulations: https://news.bitcoin.com/indian-trade-association-nasscom-crypto-regulation/Indian cryptocurrency community Blockchained India to submit a crypto report to the government: https://cryptodost.io/india/cryptocurrency-community-blockchained-india-to-collect-inputs-and-submit-a-crypto-report-to-the-government.htmlBitbns rated among the most transparent cryptocurrency exchanges in the world: https://www.blockchaintransparency.org/december-2018-rankingsCoindcx launches DCXLend;PocketBits launches facility to contribute in cryptocurrencies to the family of CRPF martyrs.Participate in the Crypto Dost-Koinex competition and win crypto merchandise by watching this video: https://www.youtube.com/watch?v=Ul9j0YgLSJ8&t=7s
Here are the top cryptocurrency news headlines from India this week:Koinex to launch 3 new products under its delta framework; 100 crore Bitcoin scam busted in Mumbai: https://timesofindia.indiatimes.com/city/mumbai/rs-100cr-multi-state-cryptocurrency-racket-busted-4-accused-nabbed/articleshow/68028998.cmsIndian cryptocurrency exchanges complete the BitTorrent token airdrop for TRON holders; Unocoin allows the addition of nominees to their exchange account; Participate in the Crypto Dost competition and win exciting prizes: https://www.youtube.com/watch?v=Ul9j0YgLSJ8
Here are the top cryptocurrency news headlines from India this week:Indian Government worried that cryptocurrencies may destabilise the Indian rupee: https://cryptodost.io/india/indian-government-worried-that-cryptocurrencies-may-destabilise-inr.htmlInternational legal firm submits recommendations to the government panel on cryptocurrency regulations: https://cryptodost.io/india/international-legal-firm-submits-recommendations-for-cryptocurrency-regulations-to-government-panel.htmlIndian cryptocurrency exchanges announce support for the BitTorrent token airdrop for TRON holders: https://cryptodost.io/india/which-indian-cryptocurrency-exchanges-are-supporting-the-free-btt-airdrop-for-tron-holders.htmlCanadian cryptocurrency exchange CEO dies in India taking with him private keys worth 250 million dollars: https://cryptodost.io/news/canadian-crypto-exchange-ceo-dies-in-india-exchange-in-a-soup-because-only-he-had-access-to-user-funds.htmlAnd finally, we look at some more cryptocurrency exchange updates.
Here are the top cryptocurrency news headlines from India this week:Government committee to finalise report on cryptocurrency regulations soon: https://cryptodost.io/india/indian-government-panel-to-finalise-report-on-cryptocurrency-regulation-soon-confirms-rti.htmlSupreme Court to decide constitutional validity of RBI banking ban: https://cryptodost.io/news/cryptocurrency-case-update-supreme-court-to-decide-on-constitutional-validity-of-rbi-banking-ban.htmlKoinex launches TrueUSD market: https://cryptodost.io/india/koinex-revamps-its-exchange-and-p2p-platform-loop-with-trueusd-stablecoin.htmlCoinDCX announces support for the Zilliqa mainnet migration: https://blog.coindcx.com/coindcx-is-supporting-zil-mainnet-migration/WazirX crossed 100 crores worth of P2P trades.
Here are the top cryptocurrency news headlines from the week:RBI vs Cryptocurrency Case will now be heard on February 26: https://cryptodost.io/india/rbi-vs-cryptocurrency-case-now-scheduled-for-hearing-on-february-26-2019.htmlKoinex launches TrueUSD market on its exchange: https://cryptodost.io/india/koinex-revamps-its-exchange-and-p2p-platform-loop-with-trueusd-stablecoin.htmlBitbns launches USDT-based crypto to crypto trading: https://cryptodost.io/india/bitbns-launches-usdt-based-crypto-to-crypto-trading.htmlWazirX lists Stellar in its USDT market;CoinDCX begins margin trading.
Here are the top cryptocurrency news headlines from India this week:Kotak Mahindra Bank asks new users to sign an anti-crypto trading declaration: https://cryptodost.io/bitcoin/indian-bank-asking-customers-to-declare-they-will-not-trade-crypto-faces-flak-online.htmlMajor Indian cryptocurrency exchanges to support BitTorrent token airdrop for TRON users:and more updates from Indian exchanges.
Here are our top cryptocurrency news headlines for the week:RBI drops the idea of launching its own cryptocurrency: https://cryptodost.io/india/indian-government-does-not-want-to-launch-its-own-digital-currency.htmlTop Indian companies planning to use crypto tokens for internal use: https://cryptodost.io/news/top-indian-companies-want-to-use-cryptocurrencies-for-internal-use.htmlRBI annual report on banking says cryptocurrencies not a threat: https://cryptodost.io/india/rbi-u-turn-on-crypto-latest-report-says-digital-currencies-not-a-threat.htmlLok Sabha questions on cryptocurrencies: https://cryptodost.io/india/lok-sabha-on-cryptocurrency-indian-government-still-negative-on-cryptocurrencies.htmlIndian exchanges supporting Ethereum's Constantinople Fork;Coindelta supports Proof of Keys movement;Coindelta stops trading on Flux: https://medium.com/coindelta/important-announcement-related-to-flux-our-peer-to-peer-trading-platform-4e754c9ac1e1
Here are the top cryptocurrency news headlines from the week:India will regulate cryptocurrencies and not ban them, says The New Indian Express: https://cryptodost.io/india/cryptocurrencies-will-be-regulated-in-india-the-new-indian-express.htmlMahindra wants to use blockchain technology for its grape export business: https://www.namecoinnews.com/mahindra-to-use-blockchain-technology-for-grapes-export-business/Koinex introduces new security features: https://medium.com/koinex-crunch/security-update-your-koinex-account-is-safer-than-ever-7139e060588dWazirX launches two-factor authentication for authenticator apps: https://cryptodost.io/india/wazirx-launches-two-factor-authentication-for-authenticator-apps.htmlBitbns plans to list Referem
Here are the top cryptocurrency news headlines from the week:Facebook wants to launch a cryptocurrency for Whatsapp money transfers in India: https://cryptodost.io/news/facebook-developing-a-stablecoin-for-whatsapp-money-transfers-in-india.htmlPune police seizes 451 Bitcoins related to the infamous GainBitcoin scam: https://timesofindia.indiatimes.com/city/pune/police-seize-451-999-bitcoins-worth-rs-64l/articleshow/67169883.cmsKoinex users subject to a phishing attack: https://cryptodost.io/exchange/koinex-users-subject-to-a-phishing-attack.htmlBitbns introduces USDT based P2P transfers: https://medium.com/bitbns/introducing-p2p-with-another-twist-b6683c566d3c
Here are the top cryptocurrency news headlines from the week:Zebpay launches its operations in Europe: https://cryptodost.io/india/zebpay-launches-in-europe-registered-in-malta-allows-euro-deposits.htmlThe New RBI Governor brings more bad news for the cryptocurrency market: https://cryptodost.io/india/shaktikanta-das-appointment-as-rbi-governor-the-death-knell-for-cryptocurrencies-in-india.htmlKoinex temporarily suspends Achain deposits and withdrawals;Bitbns participates in the Hong Kong Crypto Christmas event.
Here are the top cryptocurrency news headlines from the last week:India to ban cryptocurrencies and launch state-backed cryptocurrencies: https://cryptodost.io/india/indian-government-may-launch-two-digital-currencies-and-ban-other-cryptocurrencies-cnbc-awaaz.htmlG20 countries want to regulate cryptocurrencies: https://cryptodost.io/news/g20-leaders-call-for-crypto-taxation.htmlAndhra Pradesh Innovation Society promotes blockchain technology: https://www.ccn.com/south-indian-governments-innovation-society-to-promote-blockchain-development/Koinex opens a Blockchain development centre in Bengaluru: https://economictimes.indiatimes.com/tech/software/koinex-venturing-into-blockchain-will-open-development-centre-in-bengaluru/articleshow/66936080.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstUnocoin lists Dash and Zcash: https://twitter.com/Unocoin
Here are the top cryptocurrency news headlines from India this week:India planning to ban cryptocurrencies soon?: https://cryptodost.io/news/india-planning-to-ban-cryptocurrencies-soon-finance-ministrys-fsdc-press-release-sounds-ominous.htmlKoinex launches Diwali gift cards: https://cryptodost.io/india/koinex-introduces-cryptocurrency-diwali-gift-cards.htmlScam Alert: Scammer targets Bitbns user; Steals 63000 INR: https://coincrunch.in/2018/10/29/scam-alert-scammer-targets-bitbns-user-steals-63000-inr/
This was a week that promised a lot, but left the Indian cryptocurrency community with more questions than answers.• The Supreme Court adjourns the cryptocurrency vs RBI case: https://cryptodost.io/news/supreme-court-to-likely-hear-the-cryptocurrency-case-on-september-18th-rbi-files-counter-affidavit.html• RBI files a counter-affidavit: https://www.ccn.com/current-legal-system-cant-recognize-bitcoin-indias-central-bank-tells-supreme-court/• India's Exim bank exploring blockchain technology with other BRICS countries: https://www.coindesk.com/indian-government-approves-banks-blockchain-research/amp/?__twitter_impression=true• Koinex re-introduces INR deposits and withdrawals: https://cryptodost.io/india/koinex-introduces-new-inr-deposit-and-withdrawal-mechanism.html• Coindelta adds more INR-crypto pairs
Looks like finally the Indian regulators are waking up to cryptocurrencies and attempting to know a sincere effort to know more about them. Our top cryptocurrency news headlines this week:• SEBI’s new revelation about study tours to Japan, UK and Switzerland to learn about cryptocurrencies: https://cryptodost.io/india/sebi-officials-undertake-study-tours-to-japan-uk-and-switzerland-to-study-cryptocurrencies.html• Indian cryptocurrency exchange Zebpay starts returning its’ users money back to their banks: https://cryptodost.io/india/zebpay-to-return-inr-to-users-and-halt-inr-crypto-trading-crypto-to-crypto-trading-unaffected.html• An Indian Kid and the Pastry Window of Cryptocurrency: https://news.bitcoin.com/an-indian-kid-and-the-pastry-window-of-cryptocurrency/• Updates from Koinex, Bitbns and Coindelta• Happy Birthday WazirXThe news and information presented on this podcast is meant for education purposes only, and should not be taken as investment advice, financial advice or legal advice. Cryptocurrency India weekly is part of the Crypto Dost Media network.
Our guest for this episode is Rahul Raj, CEO and co-founder of Koinex (https://koinex.in/). Koinex is one of India’s leading cryptocurrency exchanges and peer to peer marketplaces which is backed by leading investors such as Pantera Capital (https://www.panteracapital.com/) and Beenext (https://www.beenext.com/). Rahul is a graduate of the Indian Institute of Technology and has dabbled in various startups and social entrepreneurship initiatives before starting Koinex. Tune in to hear about: Rahul's background and intro How Koinex (India’s first KYC compliant multi currency exchange) came about Why Koinex initially decided to have only fiat to crypto pairs for all cryptocurrencies Customer journey for transacting Different steps involved in setting up a crypto exchange Three important pillars of setting up an exchange: scalability, security, customer support Other factors to consider while setting up an exchange: UI/UX, liquidity, ecosystem development Building an exchange in house vs. using a white label solution/third party integrations - pros and cons Where does an exchange source their crypto from? How Koinex built liquidity on the platform Highest daily trading volume that Koinex saw - USD 265m Why BTC was trading at a premium in India Reserve Bank of India’s (RBI’s) current stance on crypto and way going forward How the crypto-exchanges responded to the RBI directive Koinex Loop (https://koinex.in/loop) - the crypto marketplace Improvements of Koinex Loop over LocalBitcoin and LocalEthereum Challenges with Koinex Loop as far as fiat is concerned Koinex’s roadmap and plans beyond an exchange Views on the Blockchain and Cryptocurrency ecosystem in India Projects beyond Koinex that Rahul is excited about: Ethereum, BAT