Indian Crypto Exchanges Consider Relocating in Response to Indian Crypto Ban

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Indian crypto exchanges

Indian crypto exchanges are responding to the Reserve Bank of India (RBI)’s ban on cryptocurrency by considering relocating out of the country.

Last week, the RBI decided to disallow customers from buying cryptocurrencies through their banks. The RBI stated that any entity regulated¬†by them “shall not deal with or provide services to any individual or business entities dealing with or settling VCs [virtual currencies]. Regulated entities which already provide such services shall exit the relationship within a specified time.”

The immediate response to this was an overall drop in the cryptocurrency market, as ...

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