ShintoSpirit
Sun Jul 14 2024
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5 answers
1176
Are Indian crypto exchanges in survival mode?
Amidst the growing concerns over regulatory uncertainties and volatile market conditions, is the question being asked – Are Indian crypto exchanges in survival mode? This question looms large given the recent wave of scrutiny by government bodies and potential legal risks for operating in a gray area. With the Reserve Bank of India's stern stance on banning crypto transactions and the Finance Ministry's ambiguous position, the future of crypto exchanges in India seems uncertain. Added to this is the high volatility in cryptocurrency prices, leaving investors jittery and exchanges struggling to maintain liquidity. So, are Indian crypto exchanges indeed fighting for survival in this tumultuous environment?
