Cashaa, a British Fintech company has announced on 26 October that they are going to start 34 physical bank branches by partnering with "United Multistate Credit Cooperative Society" to build a crypto friendly banking service called UNICAS. Indians can safely operate a savings account to buy, sell and store crypto assets there!
Yup, very safely! These are the guys that were storing their coins in blockchain's web wallet.
https://bitcointalk.org/index.php?topic=5261610.0I'm pretty sure everyone will be thrilled to store their coins "safely" with them, not even mentioning that their token has dropped 86% from the ICO price.
That being said, your you store your coins with these guys?
They certainly sound like a bunch of cowboys who might just be trying to open up in a country that has a lot less oversight than at home. From the track record displayed above, it seems like they are not very wise in business and want to find a new source of funds. You should never assume that just because they come from the UK that brings any sort of prestige or educational backgrounds, every country has it's crooks and conartists. It is very possible that (no disrespect intended) they are purposely going to target a less educated section of the market who might be more vulnerable and less able to fight back if something bad were to happen to their cryptocurrency deposits - like them "mysteriously" getting hacked after taking in hundreds of BTC in deposits. It also makes them far out of reach of vigilantes or law enforcement prosecution if things go wrong.
