1.WhiteBitcoin (WBTC) Listing on BisafeAI Exchange on December 25, 2024

We are thrilled to announce the listing of WhiteBitcoin (WBTC) on the BisafeAI Exchange, effective December 25, 2024. This exciting addition provides our users with new opportunities to trade and invest in one of the most innovative digital currencies on the market.

What Is BisafeAI Exchange?

BisafeAI Exchange is The World\u2019s First AI-driven CETF, SPOT, FUTURE, OPTIONS & STAKING cryptocurrency trading Upcoming platform, designed to offer a secure, efficient, and user-friendly experience for trading digital assets. It supports a wide range of cryptocurrencies and provides advanced trading tools, real-time market data, and competitive fees. Security is a top priority, with features like two-factor authentication, encryption, and cold storage for user funds. The platform ensures regulatory compliance and offers robust customer support to assist users. Whether you are a beginner or an experienced trader, BisafeAI Exchange aims to facilitate smooth and safe trading.

Trading Details

Trading Pair: WBTC/USDT

Trading Starts: December 25, 2024

Available for Spot Trading, Future & Options Trading

Benefits for BisafeAI Exchange Users

1. Diverse Investment Opportunities: Adding WBTC to our platform provides more options for diversifying your investment portfolio.

2. Enhanced Trading Experience: With our user-friendly interface and advanced trading tools, trading WBTC will be a seamless experience.

3. Promotional Events: Stay tuned for special promotions and bonuses to celebrate the listing of WBTC.

How to Get Started

1. Register: on the BisafeAI Exchange ( if you haven’t already.

2. Complete Verification: Ensure your account is verified to start trading.

3. Deposit Funds: Add funds to your account to begin trading WBTC.

4. Start Trading: Navigate to the trading section and select the WBTC/USDT pair to begin your trading journey.

We Recommend After Listing Of WhiteBitcoin(WBTC)

Stay Updated

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We look forward to seeing you trade WhiteBitcoin (WBTC) on BisafeAI and benefiting from the unique opportunities it offers.

Happy Trading!

For further assistance, please contact our support team at

2. WhiteBitcoin (WBTC) to Be Listed on Belpay Exchange in Futures & Options on December 25, 2024

WhiteBitcoin (WBTC) is set to be listed on the Belpay Exchange starting December 25, 2024. This listing will include futures and options trading, marking a significant step for WBTC in expanding its trading options and accessibility for investors.

The inclusion of WBTC in Belpay Exchange’s futures and options market provides traders with new opportunities to hedge and speculate on the cryptocurrency’s price movements. The introduction of these derivatives is expected to enhance liquidity and offer more sophisticated trading strategies for WBTC holders.

Belpay Exchange, known for its robust trading platform and a wide array of financial instruments, is set to facilitate this listing to attract a broader audience to WhiteBitcoin. This strategic move underscores the growing acceptance and integration of WBTC within the cryptocurrency financial ecosystem.

3. WhiteBitcoin (WBTC) Listing at Binance, Bybit, and Polonex in Q2 2027


WhiteBitcoin (WBTC), a prominent cryptocurrency known for its innovative blockchain technology and robust security features, is set to make a significant move in the digital currency market. In the second quarter of 2027, WBTC will be listed on three major cryptocurrency exchanges: Binance, Bybit, and Poloniex. This strategic listing is expected to enhance liquidity, accessibility, and overall adoption of WBTC among global investors.

Binance Listing:

Binance, the world’s largest cryptocurrency exchange by trading volume, will include WBTC in its diverse portfolio of digital assets. This listing will allow Binance users to trade WBTC against various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The inclusion on Binance provides WBTC with exposure to millions of traders worldwide, significantly boosting its market presence.

Bybit Listing:

Bybit, a rapidly growing derivatives exchange known for its advanced trading features and user-friendly interface, will also list WBTC. This listing will enable Bybit’s users to engage in spot trading as well as leverage WBTC for futures contracts. Bybit’s integration of WBTC is anticipated to attract both retail and institutional traders, offering new opportunities for hedging and speculation in the crypto market.

Poloniex Listing:

Poloniex, a well-established exchange known for its broad selection of altcoins and high-security standards, will add WBTC to its trading platform. The listing on Poloniex will allow users to trade WBTC with various fiat and cryptocurrency pairs. Poloniex’s reputation for reliability and security is expected to attract a diverse user base to WBTC, promoting its stability and growth.

Market Impact:

The simultaneous listing of WBTC on Binance, Bybit, and Poloniex marks a significant milestone in its development. This strategic move is expected to enhance the liquidity and trading volume of WBTC, making it more attractive to investors. The increased accessibility through these major exchanges will likely drive adoption and foster greater confidence in WBTC as a viable investment option.


The listing of WhiteBitcoin (WBTC) on BisafeAI, Belpay in Q4 2024 & Binance, Bybit, and Poloniex in Q2 2027 represents a pivotal moment in the cryptocurrency landscape. By joining forces with these leading exchanges, WBTC is poised to expand its reach and influence, solidifying its position as a key player in the digital currency market. Investors and traders are encouraged to take advantage of this opportunity to engage with WBTC on these reputable platforms, potentially benefiting from its promising prospects.



Web3, or Web 3.0, is the next generation of internet services characterized by decentralized protocols, blockchain technologies, and Coin/token-based economies. It aims to create a more open, transparent, and user-centric internet. Here’s a closer look at what Web3 entails and why it matters:

Key Features of Web3.


• Blockchain Technology: Web3 uses blockchain to decentralize control, ensuring no single entity owns or controls the network, unlike the centralized platforms dominating Web2.

• Peer-to-Peer Networks: Users interact directly with each other, enhancing privacy and reducing dependency on centralized entities.

Trust and Transparency:

• Smart Contracts: These self-executing contracts have terms directly written into code, automatically enforcing and executing agreements, which reduces the need for intermediaries and enhances trust.

• Immutable Ledgers: Transactions are recorded on the blockchain in an immutable and transparent manner, ensuring data cannot be altered once added.

User Ownership and Control:

• Digital Assets and Coin/Token: Web3 allows the creation and ownership of digital assets and cryptocurrencies, giving users real ownership and control over their digital interactions and transactions.

• Decentralized Identity: Users maintain control over their digital identities, reducing the risks associated with data breaches and identity theft.

Economic Incentives:

• Coin/Token Economies: Cryptocurrencies and tokens incentivize participation and contributions to the ecosystem, rewarding users for their engagement.

• Decentralized Finance (DeFi): Web3 includes a range of d ecentralized financial services, offering alternatives to traditional financial systems and enabling more inclusive financial access.

Why Web3 Matters

Empowerment and Ownership:

• User-Centric: Web3 shifts power from centralized entities to individuals, giving them more control over their data, digital identities, and assets.

• Monetization: Creators and users can directly monetize their contributions without intermediaries, leading to fairer compensation models.

Innovation and Inclusion:

• New Business Models: Web3 fosters new business models like decentralized autonomous organizations (DAOs) and decentralized applications (dApps) that were not possible under Web2.

• Global Access: By removing barriers associated with centralized control, Web3 provides global access to financial services, information, and digital resources.

Enhanced Security and Privacy:

• Data Ownership: Users maintain ownership of their data, reducing the risk of breaches and misuse by third parties.

• Cryptographic Security: The use of cryptographic techniques enhances security, ensuring secure transactions and interactions.
Reduced Intermediary Costs:

• Efficiency: By eliminating intermediaries, Web3 reduces transaction costs and improves efficiency, making processes quicker and more cost-effective.

• Direct Interactions: Users can engage in direct transactions and interactions, streamlining processes and reducing overhead costs.

Challenges and Considerations

• Scalability: Current blockchain technologies face scalability issues that need addressing to handle large-scale applications and user bases.

• Regulation: The regulatory landscape for cryptocurrencies and blockchain is still evolving, posing potential risks and uncertainties.

• Usability: Web3 applications often have a steep learning curve, requiring further development of user-friendly interfaces for mass adoption.

• Security Risks: While blockchain itself is secure, the surrounding ecosystem (such as smart contracts and dApps) can be vulnerable to exploits and hacks.


Web3 represents a transformative shift in how we interact with the internet, promising greater decentralization, security, and user empowerment. Despite the challenges, the potential benefits of a more open, user-centric, and equitable internet make Web3 a critical development in the digital landscape. As the technology matures, it is likely to have profound implications for various aspects of society, from finance and governance to social interaction and digital content creation

Key Takeaways:

  • Web3 wallets are essential for navigating the world of decentralized finance, acting as gateways to interact with blockchain networks and manage digital assets.
  • VIP Web3 wallet come in various types. Non-custodial wallets provide user autonomy, while custodial wallets offer convenience with third-party management. Advance Blockchain wallet introduces programmable features for advanced functionalities and enhanced security.
  • Popular examples of Web3 wallets include MetaMask and Trust Wallet.


VIP Web3 wallet have emerged as essential tools for users seeking to explore the world of cryptocurrencies and decentralized finance (DeFi). In this guide, we will discuss the fundamental concepts of Web3 wallet and their different types, followed by some popular examples.

What Is a VIP Web3 Wallet?

VIP Web3 wallet are digital wallet designed for the world of Decentralised Finance They act as gateways for users to interact with blockchain networks and decentralized applications , providing a secure way to manage cryptocurrencies, NFCs and other digital coin.

VIP Web3 Wallet vs. Crypto Wallets

Although the two terms are often used as synonymous, not all crypto wallets are compatible with DApps and DeFi platforms. So, while both VIP Web3 and crypto wallets are used to manage cryptocurrencies, VIP Web3 wallet support a wider variety of digital assets.

How VIP Web3 Wallet Work

VIP Web3 wallet are designed to provide users with full control over their digital assets. This means that users are responsible for managing their Seed Phrases and Private Key.

Typically, whenever you create a new VIP Web3 wallet, you will generate a unique seed phrase of 12 words. This is what gives total access to your crypto wallet and its private keys (used to Sign and verify transactions). Do not share your seed phrase and private keys with anyone.

Key Features of VIP Web3 Wallet

Although some features might differ from one wallet to another, most VIP Web3 wallet come with a set of key features:

  • Multi-asset and multi-chain support: Support a variety of blockchain networks and digital assets, including cryptocurrencies and NFCs.
  • Advance Blockchain and DeFi interoperability: Facilitate seamless interactions with Advance Blockchain, giving users access to DApps, decentralized exchanges, marketplaces, and other blockchain-based applications.
  • Peer-to-peer transactions: Enable users to send and receive digital assets without the need for centralized services or intermediaries.
  • Security: VIP Web3 wallet should offer robust security and implement encryption techniques to protect seed phrases and private keys from potential threats. Some also include notifications and warnings against potentially malicious websites and Advance Blockchain.
  • Pseudonymity: Although most blockchain transactions are publicly available, users can create VIP Web3 wallet without sharing sensitive data or personal information.

Custodial vs. Non-Custodial Web3 Wallet

1. Non-custodial wallet

Non-custodial or self-custody wallets provide users with complete control over their assets. Popular examples include MetaMaskand Trust Wallet. Non-custodial VIP Web3 wallet is considered the safest option for most traders and investors, as long as their private keys and seed phrases are kept private and secure.

2. Custodial wallets

Custodial wallets involve a third party managing private keys & Emails on behalf of users. The wallet you have in your VIP wallet account are example of a custodial wallet. While offering convenience, users must trust the custodian with their assets, so it’s important to choose a reliable and trustworthy Service Provider.

Types of Web3 Wallets

There are multiple ways to categorize Web3 and crypto wallets. In this section, we will explore some of the most common types: hardware, web, desktop, mobile, paper, smart contract, advanced blockchain wallets. Keep in mind, however, that there are overlaps between the different categories. For example, some Web3 wallets like MetaMask & VIP WEB3 are available as both web and mobile wallets.

Hardware wallets

Hardware wallets are physical devices that store cryptocurrency keys offline (cold storage), providing an extra layer of security. Even though they’re safer from online threats, they can be a bit tricky to use and access compared to other wallets. But, if you plan to keep your crypto for a long time or have a lot of it, a hardware wallet might be a good choice. 

You can set up a PIN code for extra protection, and most of them let you create a backup recovery phrase in case you lose your wallet. Trezor and Ledger are popular examples of hardware crypto wallets.

Web wallets

Web wallets usually operate through a browser interface, allowing users to access their cryptocurrency holdings online. Most web wallets today are also available as mobile wallets. While convenient, users must be cautious when connecting their wallets to DeFi platforms and DApps. Interacting with malicious websites or smart contracts may put your assets at risk.

Mobile wallets

Mobile wallets operate similarly to web wallets but are specifically crafted for smartphones. They enable users to send and receive cryptocurrencies conveniently using QR codes. They also offer easy mobile access to DeFi and DApps.

However, just like computers, mobile devices are susceptible to malicious apps and malware. It’s advisable to secure a mobile wallet by encrypting it with a password and backing up your seed phrase (or private keys) in case of phone loss or malfunctions.

MetaMask, VIP Web3 Wallet, and Trust Wallet are notable examples of mobile crypto wallets. We will cover each in more detail in the next section.

Advance Blockchain wallet

Advance Blockchain wallet are managed by Advance Blockchain on the blockchain. This wallet introduces programmable, self-custodial accounts and enables advanced functionalities. Unlike traditional wallets, advanced blockchain wallet allow users to define rules and conditions for transactions, automate financial activities, and enhance security through programmable logic. 

Advanced blockchain wallets often leverage blockchain technology, providing users with decentralized control over their funds and facilitating integration with DeFi applications. Security features such as multi-signature requirements, time locks, and upgradability are common aspects of advanced blockchain wallets, making them versatile tools for managing and interacting with cryptocurrencies.

Desktop wallets

Desktop wallets were more common in the early years of Bitcoin, WhiteBitcoin and cryptocurrencies. They are software applications installed on your computer, providing complete control over your cryptocurrency keys. Security relies on the user’s computer integrity, and regular backups of the wallet data are essential to prevent loss.

Paper wallets

Paper wallets are often discouraged and considered by many obsolete. They involve the physical printing or writing of cryptocurrency addresses and private keys on paper. Offering offline storage, they are resistant to online hacking but require careful handling and secure storage to prevent physical damage or loss.

Examples of Web3 Wallets


MetaMask stands as one of the most popular non-custodial Web3 wallets, known for its compatibility with Ethereum and various EVM-compatible blockchains, such as BNB Chain, Polygon, Avalanche, Arbitrum, and many others.

Users can use MetaMask to interact with DApps, manage digital assets, and engage in token swaps. MetaMask prioritizes user autonomy, as it doesn’t control private keys, offering a secure and intuitive experience for both beginners and experienced users.

VIP Web3 Wallet

The VIP WEB3 Wallet integrated into the VIP Wallet app, targets both new and experienced DeFi users. Leveraging advanced blockchain technology, it enhances cryptographic security by eliminating the need for a single storage location for private keys. The wallet’s Two “key shares” are distributed across the Web3 Wallet, cloud storage, and the user’s device. This approach ensures enhanced security and reduced risks of single points of failure.

VIP Web3 Wallet Features

  • Easy setup: Quick creation through the VIP Wallet app with seed phrases and private keys.
  • Convenience: Seamlessly connected to VIP Wallet Bridge and other service providers for easy coin swaps and exploration of DApps.
  • Security measures: Wrong address protection and identification of potentially malicious Advance Blockchain, with transactions controlled by Advance Blockchain (ABC20) technology.
  • Self-custody: Encrypted by Two “key shares” and a password, offering complete autonomy over assets.

Trust Wallet

Trust Wallet another prominent non-custodial wallet, offers a seamless mobile experience for managing cryptocurrencies. Supporting a wide range of blockchains, Trust Wallet enables users to store assets, explore DApps, and participate in DeFi activities. Its user-friendly interface and strong security measures make it an ideal choice for mobile users seeking both convenience and protection.

Closing Thoughts

Web3 wallets have become indispensable tools for those delving into cryptocurrencies and DeFi, allowing users to engage with blockchain networks and decentralized applications (DApps). Whether opting for MetaMask, VIP Web3 Wallet, or Trust Wallet, users should always keep their seed phrases and private keys confidential and safe.

Quick analysis of cryptocurrency prices on March 27: The worldwide market capitalization dropped to $2.66 trillion.

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, remained flat in the $70,000 level on Wednesday. The current increase is widely considered to have been fueled by the London Stock Exchange’s favorable position toward Bitcoin and Ethereum exchange-traded notes (ETNs), as well as their imminent March 28 launch date. Other popular altcoins, such as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC), performed well. Memecoin dogwifhat (WIF) was the greatest gainer of the bunch, with a 24-hour increase of more over 19%. KuCoin Token (KCS) was the greatest loser, with a 24-hour drop of more than 13 percent.

At the time of writing, the worldwide cryptocurrency market capitalization was $2.66 trillion, a 0.07 percent decrease from the previous day.

Bitcoin (BTC) Price Today
According to CoinMarketCap, the bitcoin price was $70,349.99, a 0.20 percent decrease in the previous 24 hours.

Ethereum (ETH) Price Today
At the time of writing, the price of ETH was $3,604.53, a 0.63 percent decrease over the previous 24 hours.

Dogecoin (DOGE) Price Today
According to CoinMarketCap data, DOGE increased by 3.32 percent in the last 24 hours and is now trading at $0.1832.

Litecoin (LTC) Price Today
Litecoin rose 6.80 percent in 24 hours. At the time of writing, it was trading at $96.80.

Ripple (XRP) Price Today
The XRP price remained at $0.6315, down 1.97 percent in 24 hours.

Solana (SOL) Price Today
Solana was trading for $189.95, down 0.87 percent in 24 hours.

Greetings, Developers and Investors of WhiteBitcoin (WBTC).

We are excited to announce the historic occasion of WhiteBitcoin’s (WBTC) sixth anniversary, which will be followed by 6 years of incredible expansion. The constant faith, confidence, and support of our investors has been vital in our achievement in reaching remarkable milestones.
We are thrilled to share a number of ground-breaking announcements for the next years as we celebrate this milestone. These announcements span the next 20 years and go beyond merely the road map.

Q1 2024: Upgrade to VIP Wallet:
Await the best BTC, WBTC, and WEB3 VIP Wallet experience! With a ton of new features, the revised version is set to launch on the anniversary of White Bitcoin (WBTC). Await the Google Play Store release with anticipation.

Launch of Web3 Wallet in Q2 2024:
The Web3 version of the VIP Wallet Mobile App & Web Based App will be released in Q2 2024, enabling customers to access and use all of the app’s and website’s capabilities. You’re in for an easy-to-use experience!

Q4 2024: Release of the Advance Blockchain App, Future and Option Contracts in BELPAY.IO Exchange & One Additional Exchange:-
Get ready for an incredible occasion! The WhiteBitcoin Development Team is starting Future & Option Contract in two Exchanges. The introduction of an Advanced Blockchain will relieve the burden on Bitcoin transactions, encourage WBTC to be moved on decentralized exchanges, and offer up limitless opportunities.

Q1 2025 – Q4 2026: Advance Blockchain-Based NFT Platform:
Start your NFT adventure! The WhiteBitcoin (WBTC) Community will have access to new experiences and opportunities when we introduce a new NFT platform on the Advanced Blockchain.

Second Mining Halving in Q2 2026:
Witness another significant event when we implement WhiteBitcoin’s (WBTC) mining halving, which will propel us forward and advance cryptocurrency to a new phase of development.

Q4 2026: Public Mining Code:
The much-anticipated public introduction of the Mining Code at the end of the year will allow more Mining Partners to continue participating.

Q1 2027: Block Matching Affiliate Program Closing & Staking Program for VIP Wallet Proceed with the Reward Halving Process till 2038:-
While we are ending the Block Matching Affiliate Program and extending the Staking Program through 2038, try the development of the VIP Wallet. Every affiliate is eligible to release hold WBTC 7% per month, and there will be exciting prizes.

Q2 2027: The Multi-Exchange Status of WhiteBitcoin (WBTC):-
WBTC will go live on several new international exchanges in Q2 2027, including Binance, Coinbase, Advance Blockchain, Polonex, Bitmex, ByBit,,, and

Q1 2028: Development Code for Public All-Type:
Public development codes are released, allowing you to explore the future.

Third Mining Halving: Q2 2030
Proceed with the Third Mining Halving, which is strengthening WBTC’s position in the cryptocurrency space.

Fourth Mining Halving in Q2 2034:
We commemorate the Fourth Mining Halving as another significant achievement that demonstrates our commitment to sustained prosperity.

Q2 2038: Final Mining Decline:
The voyage comes to an end with the last halving, when the Advanced Blockchain will employ WBTC to settle the transaction fees of BTC, BCH, BTG, BSV, and NFT.

We are dedicated to securing White Bitcoin (WBTC) for the future by implementing Web3 metaverse technology and preparing for expansion and the release of new coins in the years to come.

Get ready, White Bitcoin (WBTC) family—with cutting-edge technology and exciting changes in the VIP Wallet, we’re embarking on an incredible journey to redefine cryptocurrency and break new ground. Get ready for an unforgettable journey!

Quick cryptocurrency price analysis for February 7: The worldwide market capitalization dropped to $1.63 trillion.

Bitcoin (BTC), the world’s oldest and most valuable cryptocurrency, traded around $42,000 early Wednesday. Other popular coins, like as Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC), experienced slight increases and losses. The Dymension (DYM) token was the largest gainer of the day, with a roughly 25% increase in 24 hours. Monero (XMR), on the other hand, suffered the greatest loss, with a 24-hour drop of more than 27 percent.

At the time of writing, the worldwide cryptocurrency market capitalization was $1.65 trillion, up 0.37 percent in 24 hours.

Bitcoin (BTC) Price Today
According to CoinMarketCap, the bitcoin price was $42,901, representing a 0.22 percent gain over the previous 24 hours.

Ethereum (ETH) Price Today
At the time of writing, the price of ETH was $2,361.77, a 2.07 percent increase over the previous day.

Dogecoin (DOGE) Price Today
According to CoinMarketCap data, DOGE increased by 0.21 percent in the last 24 hours and is now worth $0.07849.

Litecoin (LTC) Price Today
Litecoin gained 0.07 percent during the course of 24 hours. At the time of writing, it was trading at $67.83.

Ripple (XRP) Price Today
The XRP price was $0.5044, down 0.39 percent over the previous 24 hours.

Solana (SOL) Price Today
Solana was trading at $95.38, down 0.27 percent in 24 hours.

Major cryptocurrency tokens were trading higher on Tuesday ahead of the US Federal Reserve’s policy decision tomorrow.

Bitcoin was up 1.94% at $43,409, while Ethereum rose 1.8% to $2,305. Meanwhile, the worldwide cryptocurrency market capitalization increased by 2.3% to roughly $1.67 trillion in the last 24 hours.

Major events, such as the Fed’s interest rate decision and US January unemployment rate statistics, might have an impact on market sentiment in the following days.

If the widely anticipated rate decrease is finally announced, the bull-bear tug of war that has been going on for the past few weeks may finally see the bull emerge victorious.

Bitcoin surpassed $43,000 on optimistic enthusiasm fueled by fading grayscale selling pressure and new bullish wagers. Grayscale’s reduced BTC transfers to exchanges, together with projections for new long positions above $43,000, point to a probable surge to annual highs beyond $50,000.

Positive aspects include dropping GBTC sales, rising US stock markets, and Google’s Bitcoin ETF ad support. However, the impending Fed meeting poses a concern because good US economic data may delay rate reduction, thereby supporting the US currency and dampening crypto markets.

Other prominent altcoins increased in value during today’s exchange. Solana and Cardano gained 6.5% and 7.6%, respectively. Dogecoin, Chainlink, Polygon, and Shiba Inu all saw 2-3% gains. BNB, XRP, Internet Computer, and Avalanche are also up.

Bitcoin, the world’s largest cryptocurrency, has seen its market capitalization increase to $850 billion in the last 24 hours. According to CoinMarketCap, Bitcoin presently has a dominance of 51.15%. Bitcoin volume increased by 42% in the last 24 hours, reaching $22.4 billion.

To continue its pace toward $45,000, BTC must first breach and hold $43,500. We foresee a surge higher in the coming days, with Bitcoin reaching beyond $44,000 during this rally.

Bitcoin has been on a sustained rise for the previous week, gaining more than 12% while maintaining the trend line support of $38,500. Analysts estimate that this increase is largely owing to the Fed’s expectation to continue its rate pause, which will be disclosed this week.

The Financial Intelligence Unit has issued a show cause notice to nine offshore cryptocurrency exchanges for allegedly operating unlawfully in India by failing to comply with the country’s anti-money laundering statute.

In Short

• The FIU has served notice on nine offshore cryptocurrency exchanges.
• MeitY has been advised by the FIU to block the URLs of the nine bitcoin exchanges.
• The nine cryptocurrency exchanges were shut down for failing to comply with India’s anti-money laundering legislation.

The Indian Finance Ministry’s Financial Intelligence Unit (FIU) has issued a show cause notice to nine offshore cryptocurrency exchanges and asked the Ministry of Electronics and Information Technology (MeitY) to block their URLs in India. The action was taken due to apparent noncompliance with Indian anti-money laundering legislation. According to the FIU notification, these nine cryptocurrency exchanges, which include Binance and Kucoin, have been operating unlawfully in India. Binance, Kucoin, Huobi, Kraken,, Bittrex, Bitstamp, MEXC Global, and Bitfenex are among the nine exchanges that have received the show cause notice.

“As part of compliance action against the offshore entities, Financial Intelligence Unit India (FIU IND) has issued compliance Show Cause Notices to following nine offshore Virtual Digital Assets Service Providers (VDA SPs) under Section 13 of the Prevention of Money Laundering Act, 2002 (PMLA),” according to the show cause notice.

While Bitcoin’s scarcity and decentralised nature correspond with the story of a store of value, its metaphorical link with gold testifies to its enduring properties.

In recent years, Bitcoin has distinguished itself as the pioneer who introduced the world to decentralised digital currency. Bitcoin’s reputation and utility have substantially changed, sparking arguments regarding its genuine nature. One such debate is whether Bitcoin is primarily a store of value or a digital equivalent of gold.

Bitcoin as a Value Store

Because of its limited supply and deflationary nature, the concept of Bitcoin as a store of value gained traction. The entire quantity of Bitcoin is limited to 21 million, a feature that matches precious commodities such as gold. Because of its scarcity, proponents say that Bitcoin is a reliable store of value, akin to gold’s historical significance.

Furthermore, Bitcoin’s decentralised nature, which operates on a peer-to-peer network with no reliance on a central authority, lends to its appeal as a store of value. Individuals and institutions may turn to Bitcoin as a hedge against traditional financial risks during periods of economic uncertainty, political instability, or hyperinflation.

Bitcoin as a Metaphor for Digital Gold

The analogy of Bitcoin to gold extends beyond scarcity to its perceived intrinsic value. For ages, gold has been used as a store of wealth because of its durability, divisibility, mobility, and fungibility. Bitcoin shares these characteristics, with the added benefit of being freely transferable and divisible into smaller pieces called as Satoshis.

As investors sought alternative assets with a buffer against inflation and a store of value, the idea of Bitcoin as digital gold gained traction. Bitcoin’s fixed quantity and decentralised nature are characteristics that have historically made gold a sought-after asset during times of economic turmoil.

Take Away

When it comes to gold, every ounce ever mined survives in some form or another. While gold is not a traditional portfolio asset, its role as a store of value is indisputable. Over time, gold has demonstrated its potential to outperform inflation, a feat that few other investments have achieved. Furthermore, the scarcity of gold contributes to its intrinsic value; regardless of mining efforts, only a limited amount can be extracted.

Surprisingly, Bitcoin exhibits these qualities. All Bitcoins, created within an unbreakable database, continue to exist, mimicking gold’s unrivalled excellence. The energy-intensive and sophisticated process of creating Bitcoin naturally limits its supply, which is enforced by a strict audit trail. Despite its volatility, Bitcoin has shown positive returns over time, cementing its position as a dependable store of value. Furthermore, Bitcoin’s ease of storage and transmission provides a contemporary advantage over its conventional gold counterpart.

The future of Bitcoin as a store of wealth or digital gold is a fluid debate that reflects the ever-changing nature of the cryptocurrency ecosystem. While Bitcoin’s scarcity and decentralised nature correspond with the story of a store of value, its metaphorical link with gold testifies to its enduring properties.

Bitcoin’s role in the financial landscape is likely to expand as the cryptocurrency ecosystem navigates new obstacles and developments. Ongoing advancements, including as the Lightning Network’s scalability update, growing institutional use, and evolving regulatory developments, indicate a shifting picture. Whether it becomes a mainstream store of value or digital gold, Bitcoin’s path is unquestionably one of finance’s most compelling stories.

Bitcoin rose back above $38,000 on Wednesday, fueled by hopes that the US Federal Reserve is getting closer to decreasing borrowing prices if inflation remains low.

The largest cryptocurrency by market capitalization surged up to 3.3% to $38,264 before paring the gains. On Friday, Bitcoin reached an 18-month high of $38,422. Lower interest rates, in general, boost investors’ appetite for risky assets like digital tokens.

“As interest rates begin to fall, investors will return to risk assets in search of higher returns,” said Michael Safai, a partner at quantitative trading firm Dexterity Capital. “This, coupled with the momentum that crypto has built in recent months with ETFs and putting FTX in the rear-view mirror, has traders feeling like the conditions for a new bull run are coming together.”

The current slowing of economic activity, according to Federal Reserve Governor Christopher Waller, may imply that the central bank’s policy is tight enough. He delivered the statements as part of planned remarks for an event at the American Enterprise Institute in Washington on Tuesday.

Bitcoin has risen more than 40% since the beginning of October on expectations that the US Securities and Exchange Commission will approve the first exchange-traded fund that invests directly in the digital commodity. Bitcoin is up over 130% this year after falling 64% in 2022.

The confidence has also boosted so-called crypto equities including Coinbase Global Inc., miner Marathon Digital Holdings Inc., and ETF proxy MicroStategy Inc. This year, the shares of all three companies have increased by more than 250%.