Shutting down of Crypto Exchanges in India – Opening Doors for Registered Crypto Exchanges
Coinome, the cryptocurrency exchange in India, upheld by the online payment gateway Billdesk announced the closure of its activities with its operations halting from 15th May.
Recent regulatory changes presented by the Reserve Bank of India (RBI), an absence of policy clarity from the government, and a consequent low shift in the trading volumes, are believed to be the reason behind this move. The RBI’s circular came after it was seen that few organizations had begun dealing in cryptocurrency once again over thousands of digital currencies, the government and the RBI guarantee, had no intrinsic value – leaving investors at risk.
“Moreover, it stays unclear if the organization intends to leave the Indian market completely or has just temporarily shut the exchange platform off”.
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https://www.bulletincrypto.com/shutting-down-of-crypto-exchanges-in-india-opening-doors-for-registered-crypto-exchanges/
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