Apart from Binance and Kucoin, the other virtual digital assets service providers (VDA SP) who have been issued notice for not registering as reporting entities with the FIU-India are Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global, and Bitfenex.
Binance Behind New Hong Kong Crypto Exchange Seeking Licence to Operate insidebitcoins.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insidebitcoins.com Daily Mail and Mail on Sunday newspapers.
Nigerian policymakers are planning to legalise cryptocurrencies such as Bitcoin within its shores and emphasised the need for an efficient and vibrant capital market in the country.
Despite the slowdown, crypto adoption has been on a rise with more people wanting to dabble a little in crypto investments. However, crypto mining does not come cheap as mining one Bitcoin isn’t as valuable as it used to be a few months ago.