The world’s largest crypto exchanges have invested in India despite unfriendly policies ...Middle East

Quartz - Economy
The world’s largest crypto exchanges have invested in India despite unfriendly policies
source : Quartz ( Middle East ) () 7
India has never been kind to cryptocurrencies, yet global investors have made huge bets on the country’s digital coin ecosystem.In November 2019, Binance, the world’s largest cryptocurrency exchange by trade volumes, acquired WazirX, an Indian exchange, and last year, another Indian exchange, CoinDCX, secured financing from Seychelles-based BitMEX and San Francisco-based giant Coinbase.These investments happened despite the fact that for around two years starting April 2018, financial institutions in India were restricted from providing services to crypto exchanges and their customers due to a Reserve Bank of India (RBI) order. This ban forced at least two crypto exchanges to shutter. And ev

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