A leading Indian crypto exchange Unocoin finally lists the two most popular meme coins Shiba Inu [SHIB] and Dogecoin [DOGE] according to an announcement made on 13th December 2021 on the platform’s Twitter handle. The latest listing comes after a month when CoinDCX, India’s first crypto unicorn, announced the addition of Shiba Inu into its retail-focused application. Prior to that ZebPay, which is reportedly the oldest crypto exchange in the country integrated SHIB back on 13th October 2021.
With respect to the latest listing, the trading platform informed that its users would be able to trade DOGE against the Indian rupee. However, there is no fiat pair for the second-largest canine token Shiba Inu but can be traded against Tether, the largest USD-pegged stablecoin.
That being said, Unocoin was founded back in 2013, and is known as India’s leading BTC-INR trading platform, earning the tag “Indian Coinbase”. Earlier in October, the digital asset exchange added support for Unified Payment Interface [UPI] transactions, enabling its customers to deposit fiat to the forum significantly quicker.
So far in the Indian crypto scene
Meanwhile, things haven’t budged much in the Indian crypto scenario. The latest update has been from the nation’s Finance Ministry informing during the winter session of Parliament in Lok Sabha [Lower House] that a bill on Cryptocurrency and Regulation of Official Digital Currency is under finalization for Cabinet’s approval. Previously, the Ministry mentioned that Prime Minister Modi would take the final call on the much highly anticipated crypto regulations in India.
According to Lok Sabha Bulletin, the aim behind the cryptocurrency bill is
“to create a facilitative framework for the creation of the official digital currency to be issued by the RBI. The bill also seeks to prohibit all private cryptocurrencies in India. However, it allows for certain exceptions to promote the underlying technology of cryptocurrency and its uses.”
So far there have been multiple reports discussing the possible options for the bill -one of them has been including a ‘ blanket ban on all private crypto assets, partial ban, allowing all or just a selected few.’ However, the latest updates have been from sources close to the government who is supposedly mulling plans to give a deadline to the digital assets holders in declaring their assets with fines and jail terms for those who do not comply.