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India’s Bitcoin Trading Volume Plummets amid Banks’ Blockade of Exchanges

Regulatory and bank challenges are pressuring cryptocurrency exchanges in the country, as evidenced by a 90% decline in volume on bitcoin trading platforms. The Reserve Bank of India, its central bank, has not put the hammer down on trader accounts, but Indian banks have taken a two-pronged approach that’s denting trading activity, including closing bitcoin

The post India’s Bitcoin Trading Volume Plummets amid Banks’ Blockade of Exchanges appeared first on CCN

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