India’s cryptocurrency exchanges are shifting to more friendly countries ...Middle East

Quartz - Economy
India’s cryptocurrency exchanges are shifting to more friendly countries
source : Quartz ( Middle East ) () 16
India’s unclear stance on virtual assets and regressive tax policies are forcing its cryptocurrency trading platforms to shift to friendlier countries.The co-founders of cryptocurrency exchange WazirX, Nischal Shetty and Siddharth Menon, have reportedly moved to Dubai with their families, the Indian Express reported today. Firms like ZebPay and Vauld have moved to Singapore, while CoinDCX now has a Singapore arm.The recent global cryptocurrency crash, along with stringent rules and regulatory tweaks in India, has crippled the industry which peaked in November 2021.Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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