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Cryptocurrency Exchanges Said to Scout Entry Into India Despite Potential Ban


Cryptocurrency Exchanges Said to Scout Entry Into India Despite Potential Ban
Cryptocurrency ban’s opponents say the move would stifle the economic power of the country.
By Reuters | Updated: 9 June 2021 10:42 IST
US-based Kraken, Hong Kong-based Bitfinex, and rival KuCoin are actively scouting the market
Highlights
India has had no rules specifically for cryptocurrency exchanges
In 2019, Binance acquired WazirX, an Indian cryptocurrency startup
Global digital currency exchanges are exploring ways to set up in India, following in the footsteps of market leader Binance, industry sources told Reuters, while the government in New Delhi dithers over introducing a law that could ban cryptocurrencies. ....

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