India’s ‘Crypto Spring’ as Wave of New Exchanges Launch
Cointelegraph
Published Jun 11, 2020 09:25PM ET
Updated Jun 11, 2020 11:00PM ET
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In March, India’s Supreme Court repealed the Reserve Bank of India’s (RBI) ban on financial institutions providing banking service to businesses operating with virtual currencies — legitimizing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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Written By: Cointelegraph
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