Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
One crypto exchange in particular claims to have found a way around the ban. Giottus, which also offers exchange-escrowed P2P trading service, reopened its fiat support despite the RBI ban. The platform offers BTC, ETH, BCH, XRP, and LTC trading pairs.
Giottus wrote on its website:
The exchange explained that INR withdrawals are only processed during banking hours, adding that “withdrawal requests received after 5 p.m. will take a maximum of 10 hrs or will be credited [the] next day (whichever is earliest).”
Vijay further noted that traders can process volumes of up to approximately 60-70 percent of their collateral deposited with the exchange before additional collateral is required.
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What do you think of Giottus’ method to let customers deposit and withdraw rupees amid RBI’s ban? Let us know in the comments section below.
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The post Indian Exchange Resumes Fiat Deposits and Withdrawals Using New Method appeared first on Bitcoin News.
source: https://news.bitcoin.com/indian-exchange-resumes-fiat-deposits-withdrawals/
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