Quick News Bit

Can Indian crypto exchanges survive the crypto winter and a puzzling regulatory environment?

0

The logos of various cryptocurrencies can be seen on CoinMarketcap on the monitor of a computer in an office on June 13, 2022.

Synopsis

Tough regulatory scene and a downturn in cryptocurrency prices have made it hard to survive for Indian cryptocurrency exchanges. As a result, Indian cryptocurrency traders are shifting to foreign platforms to avoid legal hassles. This has added salt to Indian crypto exchanges’ wounds. Is there a light at the end of the tunnel?

For Chandan (name-changed), a New Delhi-based crypto trader, the last few months haven’t been easy. He used to trade through an Indian exchange and a decentralised exchange overseas. But with the crypto downturn and news of investigations on Indian exchanges, he has stopped trading on Indian crypto exchanges.He has no plans to turn to an Indian crypto exchange, at least with the way things look now. “The regulatory environment is just uncertain

  • FONT SIZE
  • SAVE
  • PRINT
  • COMMENT

Why ?

  • Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

  • Stock analysis. Market Research. Industry Trends on 4000+ Stocks

  • Clean experience with
    Minimal Ads

  • Comment & Engage with ET Prime community

  • Exclusive invites to Virtual Events with Industry Leaders

  • A trusted team of Journalists & Analysts who can best filter signal from noise

For all the latest Technology News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! NewsBit.us is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – [email protected]. The content will be deleted within 24 hours.

Leave a comment