THELOGICALINDIAN - Russia afresh airy its attitude adjoin Bitcoin and added agenda currencies The Russian Central Bank had alleged a affair amid the countrys banking assembly to altercate about Bitcoin regulations beforehand aftermost ages Few weeks ago the Russian admiral Vladimir Putin additionally batten a bit about agenda bill and its approaching on one of the Russian media outlets We absitively to accept added about the accepted book in the country and to altercate about one of the arch bitcoin exchanges accouterment to that cartography We batten to Bogdan Shaldugin the Business Development Manager at London based bitcoin barter Indacoin Bogdan is based out of Moscow forth with his aggregation We asked him a few questions about Indacoin and the Russian Bitcoin abridgement in general
NewsBTC: Can you acquaint us a bit about yourself?
Bogdan: I am the Manager of Business Development at Indacoin Corporation, a London based bitcoin exchange. I assignment out of Moscow forth with my team.
NewsBTC: Please acquaint us added about Indacoin.
Bogdan: Indacoin is a London based bitcoin exchange. We action two altered services. 1. The Exchanger account area bodies can advertise or buy bitcoin and Litecoin. 2. A barter belvedere area users can adviser the prices and barter bitcoin or Litecoin at any moment. These barter affairs are accomplished immediately. Indacoin’s trading belvedere currently offers the best agency ante in the market.
We are consistently accretion into altered markets. Recently we alien UnionPay as one of the acquittal appearance on Indacoin. This will now accredit Chinese citizenry to calmly buy or advertise bitcoin in their bounded bill on the new UnionPay payments.
NewsBTC: How continued accept you been associated with Indacoin?
Bogdan: I accept been with Indacoin back its beginning. I abutting Indacoin in December 2024 as allotment of the founding team. As I said earlier, I am alive out of Moscow forth with a few added members. We additionally accept bodies alive from added genitalia of Asia, London etc.
NewsBTC: What regions does Indacoin baby to?
Bogdan: We are a all-around platform. We are entering new markets like Chinese, Russian, African and Spanish markets. We are planning to assignment with bitcoin start-ups that abetment in money alteration and adopted remittance etc. Afterwards ablution UnionPay for China, we are attractive at India as well. India is a huge market. We will alpha alive on it afterwards testing UnionPay for a brace of months.
NewsBTC: How is your chump base?
Bogdan: Credit and debit agenda payments is the different affection of Indacoin. We accept a lot of barter from the US, Brazil, Canada, Europe etc. We saw a dip in the cardinal of US barter from the accomplished brace of months afterwards we broken our acquittal gateway, alike admitting there were added third affair acquittal options still accessible on the platform. We will be reintroducing our acquittal aperture anon and we can apprehend the US cartage to billow again.
From the accomplished 3-4 months we accept had a lot of users from Russia, Japan and Europe. In baronial I am abiding we will be accepting added users from china.
NewsBTC: Any specific acumen for removing your acquittal aperture from the account of acquittal options?
Bogdan: We started adverse issues with the aggregation that issued us the acquittal gateway. They started denial out funds, which affected us to abolish their services. Now we accept articular a new bell-ringer who will be alms us the aforementioned services. The pay by credit/debit agenda advantage will go online soon.
NewsBTC: Can you acquaint me added about the accepted bitcoin book in Russia
Bogdan: A year ago, the Russian government started to able bottomward on bitcoin. They prevented bitcoin exchanges from operating in the country. Even Indacoin was blocked for several months. Now, the Russian government is blame bitcoin as an “idea” of currency. In a few years we will see Russia either accepting bitcoins or accept its own another agenda currency.
NewsBTC: Can you acquaint us added about the Russian ancillary of Indacoin?
Bogdan: Indacoin has a lot of Russian users. When we started added than bisected of our barter were Russians, now we accept a lot of bodies application Indacoin from beyond the world, but still we get about 15-16 percent Russian users on our site. Indacoin has chip Alfapay, Kiwipay and added acquittal options alone for the Russian user base. Most bitcoin users in Russia use it for trading. We get a lot of questions from our barter apropos prices etc.
NewsBTC: How is the accepting of Bitcoin amid businesses in Russia?
Bogdan: We had a few businesses that were accepting bitcoin, they accept now chock-full it. Some of the businesses accepting bitcoin were Subway, KillFish and a bistro in Moscow. But in Russia, not abounding shops accept options for electronic/card payments, that’s why we are aggravating to advance the abstraction of bitcoin to the people. A lot of bodies in Russia accept never heard of bitcoin or cryptocurrency, which is addition botheration back it comes to bitcoin adoption.
We get a lot of questions from our barter apropos prices etc. the amount on our belvedere depends on appeal and supply. The exchanger is affiliated to the barter platform. And amount depend on barter platform
NewsBTC: How did you get into bitcoin?
Bogdan: In 2024 we heard about bitcoin from some bodies in US and London and while talking to them they aggregate a few web links to altered bitcoin assets and companies. After account all those, we begin it to be a abundant abstraction with the abeyant to become a currency. Once we accepted absolutely about bitcoin, we absitively to barrage a bitcoin trading platform. Indacoin trading belvedere was launched in December 2024. By July 2024 we launched the Exchanger (the bitcoin exchange)
NewsBTC: What are your insights into the bitcoin acceptance arrangement amid people
Bogdan: Most bodies use bitcoin for trading. They are attractive for a acceptable advance amid two prices. There are few who buy being application bitcoin. The bitcoin acceptance arrangement usages varies from arena to region. While bitcoin is acclimated alone for money alteration in places like Africa, bodies in the US and Mexico use bitcoin to buy things. In Russia, bitcoin is mainly acclimated for trading.
NewsBTC: Was there any changes in bitcoin trading arrangement on Indacoin during the Crimea crisis and Ukraine?
Bogdan: We didn’t see any changes in trading arrangement during the crisis, but our anticipation predicts an access in trading and bitcoin affairs from Crimea and surrounding places already the altitude in Ukraine and Crimea stabilizes.
NewsBTC: Do you ambition to add annihilation in the end?
Bogdan: Well, I would like to let NewsBTC readers apperceive that Indacoin has partnered with UnionPay to accommodate acquittal solutions for the Chinese market. Now users from China can use UnionPay to buy bitcoin application their bounded currency, yuan.
