Why is Koinex not working?

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Why is Koinex not working?

NEW DELHI : Facing regulatory troubles, one of India’s largest cryptocurrency exchange, Koinex, shut down today. “After months of uncertainty and disruption, we have regretfully decided to shut down all digital assets exchange services and operations today,” Koinex co-founder Rahul Raj said in a blogpost.

Why did Koinex shut down?

Koinex, one of the leading cryptocurrency exchange in India, has shut down its trading services with effect from 2 pm on June 27. It has blamed the ‘uncertainty and disruption’ in the crypto-sphere in India. The deadline for withdrawing all digital assets from the exchange is 9 pm on July 15.

How many Bitcoin are there in India?

The total number of crypto owners in India now stands at 10.07 crore, which puts it ahead of every other country in the world.

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How many cryptocurrencies are available in India?

India has 15 cryptocurrency exchange platforms, including CoinSwitch Kuber, Zebpay, WazirX, UnoCoin and CoinDCX. And these exchanges have been booming in the last couple of months.

Can I still withdraw from Koinex?

Koinex’s Tweets In view of multiple requests, we are extending the crypto withdrawal deadline till 9 PM IST, 31 July 2019. This is the final extension. Post deadline, we will not be able to support storage/withdrawal of cryptos. Users will be solely responsible for the loss of crypto thereafter.

How do you raise a ticket on Koinex?

You can raise a support ticket by visiting koinex.freshdesk.com/support/ticket…

Did Amitabh Bachchan invest in bitcoin?

“We are honoured to have Bachchan as our brand ambassador. Being a crypto investor himself and having launched his own NFT (non-fungible token) recently, Bachchan is well-versed with the crypto space.

Which country owns the most bitcoin 2021?

The United States has overtaken China to lead the world with the largest share in global bitcoin mining networks, according to data from the University of Cambridge, published on Wednesday. The U.S. lead follows China’s crackdown on bitcoin mining in recent months, which sent the worldwide price of bitcoin plummeting.

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Will India ban cryptocurrencies?

The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 seeks to prohibit all private cryptocurrencies in India in the Winter Session of Parliament starting November 29. It, however, allows for certain exceptions to promote the underlying technology of cryptocurrency and its usage.

How do I get Koinex coins?

Since our announcement on 27th June 2019, regarding disabling trading activities on all Koinex platforms permanently, we’ve received a lot… Koin Update: We’re supporting crypto withdrawals upto 8 decimal places for all listed digital assets. We’ll process withdrawals for balances above the minimum limit only.

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