IBC India: Koinex Founder Interviewed + Koinex Offered Indian Government Data Monitoring Dashboard!
Koinex Founder Rahul Raj was interviewed at the recently held International Blockchain Congress by Kashif Raza for Crypto Kanoon. The interview reveals some interesting information about how Koinex goes about a few of their processes.
It also gives us insight into their KYC processes as well. It's worth noting that Koinex tried to help the Indian government by providing a dashboard with API to share data of its users with the government but it seems as though it didn't work out. You can learn about it and more in the video below.
Crypto Kanoon is a collective group of individuals that serves as platform for regulatory news & analysis, blockchain events and startup advisory in India.
Koinex has started loop which offers easy P2P services. However their KYC feels cumbersome to me and in the past I didn't use them mostly due to the higher fees for withdrawals etc. But they are in this for the long run and have approached the government to make it easy for them to run their business.
However KYC is mandatory im a little unhappy about how our private data is shared around so much by these agencies. Anyways, it's a price we'll need to pay if we want to trade freely and legally.
If you like my work kindly resteem it to your friends. You may also continue reading my recent posts which might interest you:
- Let's Watch This Fun Video From International Steem Meetup #1—Malaysia
- Why You Should Vote For @firepower As Witness—Witness Campaign Post From India!
- Steem.Chat Contest #38
These things shows that Indian are much crazy about Crypto and they wanna to be part of next generation of IT/Internet revolution.
India is ready to be part of this Blockchain revolution..
And we are ready to accept Blockchain and Cryptocurrencies...
Posted using Partiko Android
@firepower
If me or anyone want to try this , Will this remove dependency with any Banks involved in the transaction? while buying and selling or digital assets?
Did this idea part of Plan B, in case Indian Supreme Court continues BAN (by RBI) on banks to settle crypto transactions in fiat currency?
Hope for the best , future is the rest
We still need banks but this circumvents their mandate. They can't stop us from using P2P mechanisms. Here's why it's possible to use P2P without banks stopping us.
Congratulation my dear friend for your 22000+ Followers. My post for you, please check
https://steemit.com/firepower/@anikearn/congratulation-firepower-for-22500-followers-milestone-reached-4ae4166297f02
Hi @firepower great to see this news, and I hope India will also now work towards crypto regulation.
Koinex started P2P.. I will be using it..
I think KYC is mandatory everywhere ...
I have done it on WazirX, Unocoin and Zebpay and I am yet to use koinex.
hi @firepower , when will you tour to hyderabad ? can we expect in the near future.