India’s ‘Crypto Spring’ as Wave of New Exchanges Launch By Cointelegraph

India’s ‘Crypto Spring’ as Wave of New Exchanges Launch By


India’s ‘Crypto Spring’ as Wave of New Exchanges Launch

The repeal of the Reserve Bank of India’s (RBI) crypto ban has driven a boom in exchanges launching in India, offering hope that the growth of a robust local industry will incentivize lawmakers to maintain India’s permissive regulatory apparatus.

In March, India’s Supreme Court repealed the Reserve Bank of India’s (RBI) ban on financial institutions providing banking service to businesses operating with virtual currencies — legitimizing India’s cryptocurrency firms.

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