New fiat will be trickling.
Next big thing
In December, the bitcoin community turned to India as its next great hope after Chinese government statements caused the price to drop from its record high of $1,200. India is an emerging economy with a population of over a billion people, nearly half of whom are unbanked or under-served by banks.
Another hype based on nothing..
I'm pretty sure the exchange will claim millions in volume while having 100 satoshi in it's wallet.
The emerging countries , BRICS , myths about adoptions in Africa...
The only real way for bit coin to grow is being used where people have enough money to spend and business eager to accept it.
And that's the good old Europe and North America.
I was sure that Exchange was fake, but maybe it is real since coindesk.com is reporting about it. I concluded that is was most likely fake because:
1) It uses a $20 (Wordpress or Drupal) template from Themeforest (nothing wrong with that per se)
2) It has no API (nothing wrong with that, but it confirms that they have not made an effort to make a top notch trading platform - It could very well just be a Drupal- or Wordpress-site put together in 8-20 hours or so)
3) It has an impressive PDF about AML policy here:
https://btcxindia.com/law_regulation but it turns out to mostly copy/paste of another document (search Google)
4) The graph and market data looks
a bit odd I took the screenshot after they launched so obviously they had not tested it before launch. Not very convinced it is a safe place to trade.
5) The content on the social media profiles looked a bit random and it looks like is more copy/paste work across the profiles.