It is always positive to see new companies arrive on the scene in the Bitcoin world. Buyucoin is a company dedicated to making the sale of Bitcoin easier in India. Albeit this is a very new company, and caution is advised when dealing with unknown parties, this goes to show there is a big demand for cryptocurrency in India.
New Indian Exchange Buyucoin Is Live
Although the Buyucoin website looks nothing like most other exchange platforms, a book should never be judged by its cover. India could be a huge market for Bitcoin in the coming years. That also means there need to be multiple exchange platforms in operation. Buyucoin wants to be the next Bitcoin exchange to make that happen.
Running a Bitcoin exchange is not an easy task, though. There are regular and regulatory guidelines to take into account. After all, an exchange operator is a money transmitter in the country he or she operates in. India has no clear regulation for Bitcoin exchanges yet, but that situation may come to change in the future.