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Crypto exchanges scout entry into India despite potential ban

Global digital currency exchanges are exploring ways to set up in India
Reuters
June 09, 2021
PHOTO: REUTERS
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.
Opponents of the potential ban say it would stifle the economic power of a tech-savvy, young nation of 1.35 billion people. There is no official data, but industry analysts reckon there are 15 million crypto investors in India holding over $1.37 billion.
According to four sources, who declined to be identified as they were not authorised to comment on private discussions, US-based Kraken, Hong Kong-based Bitfinex and rival KuCoin are actively scouting the market, which analysts say would only get bigger if it was given a free rein. ....

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Leading crypto exchanges weigh India foray despite potential ban

US-based Kraken, Hong Kong-based Bitfinex and rival KuCoin are reportedly among those exploring the market for entry. ....

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Leading Crypto Exchanges Explore Ways To Enter India Despite Potential Ban

According to four sources, who declined to be identified, the U.S.-based Kraken, Hong Kong-based Bitfinex and rival KuCoin are actively scouting the market ....

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