Since when have you been interested in cryptocurrencies and why?
I was always keen on learning technologies and using them across various verticals. I worked as a techie in one of the prominent IT MNC. When I completed my masters in Management, I decided to tackle some of the financial disparity with the help of technology. Blockchain was new and exciting and I could see problems that came with traditional investment methods and institutions. It was in 2013 in one of the meetups when I met Sunny, who was also a blockchain and crypto enthusiast that we finally decided to build what we all know as Unocoin today.
What made you enter the cryptocurrency space in India? What propelled you to set up an exchange? Where did you get your funding for setting up the exchange? Tell us about your promoters and financiers.
By 2013 blockchain technology was emerging. I was a techie, a management graduate and an Indian who realised that there are a lot of problems that Indians face, which revolve around the usage of traditional currency and transactions. The hidden transaction fees, foreign exchange rates, extra and filthy taxes, etc were on a higher side and this needed a solution that was backed by unbiased technology. Setting up an exchange was not an expensive task given I had a bunch of software developers from my previous business. I just had to pull a couple of them out of that team and start working on building Unocoin. Ours is a four-member co-founding team and all four of us are coming from varying experience and background which in total could form pretty much an invincible team to build a startup like Unocoin.
What issues have you been facing while running a cryptocurrency exchange in India?
Esta historia es de la edición July 2021 de Outlook Money.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 2021 de Outlook Money.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Here's How To Claim Tax Refund If You Missed The ITR Deadline
The Income-tax Act, 1961, allows the refund of any excess income tax deducted on your income beyond your actual tax liability.
26 Spiels You Should Not Fall For
We have a list of 26 traps that you should avoid in your journey to creating wealth
Unified Pension Scheme
The Union Cabinet approved the Unified Pension Scheme (UPS) on August 24, 2024, guaranteeing 50 per cent of the salary as assured pension for central government employees.
Unlocking Financial Freedom with Freedom SIP: A Beginner's Guide
Freedom SIP is the smartest way to finance your retirement because it allows you to ride the compounding rocket to build wealth, even by investing a small monthly sum.
Asset Allocation Strategy to Safeguard Against Market Fluctuations
Invest in different asset classes, such as equities, debt, gold, etc., so that if a particular segment doesn't perform in a given situation, others will come to the rescue.
The Role of Asset Allocation in Investing
A proper mix of asset allocation that aligns with investor's goals is key to the portfolio's long-term performance and reaching milestones.
Why Retirement Planning is Crucial in Life
Retirement planning is the key if you want a financially secure life in your sunset years.
IS SENIOR HOUSING FOR YOU?
Many seniors have taken refuge in senior living facilities in their twilight years as their children have moved abroad. While that may help them ward off boredom, they often come at a huge cost
WITH OR WITHOUT INDEXATION: WHEN DO HOMEOWNERS PAY LESS?
Calculating taxes under both methods-considering inflation and property appreciation-can yield a more precise result
Flexing Its Way Across Market Cycles
Very few funds meet investors' expectations of delivering superior returns across market cycles, and HDFC Flexi Cap Fund is one of them.