Shiba Inu and Dogecoin are now available on Unocoin, a major Indian cryptocurrency exchange.

The two most popular meme currencies, Dogecoin and Shiba Inu, are now accessible for trade on the Indian exchange Unocoin, according to the business.

Unocoin, created in 2013, is renowned as India’s top BTC-INR trading platform, garnering the moniker “Indian Coinbase” It introduced support for Unified Payment Interface (UPI) transactions in October, allowing customers to deposit fiat to the platform much faster.

Dogecoin users may now exchange it against the Indian rupee. Shiba Inu has no currency counterpart: the second-largest canine coin may only be traded against Tether, the leading USD-pegged stablecoin.

Over the last two months, Shiba Inu has made considerable progress with Indian interactions. Prior to Shiba Inu’s huge spike in early October, ZebPay, one of the country’s oldest crypto trading platforms, added support for the meme coin.

According to local media sources, India’s much-discussed cryptocurrency bill would be made public soon. It must be approved by the Union Cabinet.

While it was first anticipated that all private cryptocurrencies would be prohibited in India, the bill would allegedly try to regulate the emerging asset class rather than prohibit it. The Securities and Exchange Board of India would be in charge of digital assets.

According to the CEO of Unocoin, there is still a lot of uncertainty around digital assets:

There is still uncertainty among the prospective users regarding the usage of cryptocurrency in comparison to real money.

Patrick

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