Recently, John Truman, CEO of 8Ucoin (8U), a licensed virtual asset exchange in India, posted on social media that an industry exchange meeting will be held on December 22, 2024, inviting industry experts to discuss and solve the problems encountered in the development of the Indian virtual asset market and jointly seek development strategies.
John Truman pointed out in the article that since its establishment, 8Ucoin has been focusing on promoting the development of India's economy through virtual asset exchanges and is committed to achieving this goal. He also said that 8Ucoin Investment Company was recognized by the central bank while winning the NBFC license.
In addition, John Truman announced 8Ucoin's first round of investment plan, with a total of US$1.5 billion to support India's economic development.
It is understood that 8Ucoin is a compliant virtual asset trading platform in India, which obtained a license approved by the Reserve Bank of India in April this year. The platform aims to provide Indian users with safe and compliant digital currency trading services. At the same time, 8Ucoin has also obtained an NBFC (National Bank for Financial Credit) license, which can provide customers with more diversified financial services.
It is worth mentioning that 8Ucoin’s parent company is 8 Unity Holdings Pte. Ltd., which was founded in 2017 and is headquartered in Singapore. It is a global fintech company with multiple subsidiaries, including 8Ucoin and 8 Unity India Pvt. Ltd.
8Unity India Pvt. Ltd. is a company established in India by 8 Unity Holdings Pte. Ltd., dedicated to providing compliant virtual asset trading services to Indian users. The company has established a partnership with the Securities and Exchange Board of India (SEBI) and has become one of the compliant virtual asset trading platforms under SEBI supervision.
