India Plans To Introduce Law To Ban Cryptocurrency Trading

It will also affect companies like Singapore-based CoinSwitch, which added 200,000 users after starting India operations in June and was reporting volumes of about $200-300 million, according to chief executive officer Ashish Singhal. About half the users of the Sequoia-backed company’s local arm CoinSwitch Kuber, platform, which allows virtual currency purchases in Indian rupees, are less than 25-years old.

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