Indian Crypto Exchange Coinome Halts Services Citing Regulatory Pressure
Cointelegraph
Published May 10, 2019 06:23AM ET
Updated May 10, 2019 06:42AM ET
Indian Crypto Exchange Coinome Halts Services Citing Regulatory Pressure
Indian cryptocurrency exchange Coinome has announced it will be halting operations as of May 15, ostensibly due to regulatory difficulties. The development was announced in an official tweet from the exchange on May 9.
As Cointelegraph has reported, exchanges in the country have faced a moratorium on banking services since the central bank, the Reserve Bank of India (RBI), implemented a ban on dealings with crypto businesses last year.
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Written By: Cointelegraph
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