Bank of India Strikes to Decline Bitcoin Trading Volume by 90%

Regulatory and banking challenges are putting pressure on India’s cryptocurrency exchanges, and the trading volume of bitcoin trading platforms has dropped by 90%. The Reserve Bank of India did not crack down on trader accounts, but Indian banks have taken two measures to combat trading activities, including closing Bitcoin trading accounts and restricting cryptocurrency transactions among local residents. Bitcoin trading company Coinsecure, which is headquartered in dehli, suffered some worst-case scenario. CEO Mohit Kalra said in an interview with the Economic Times that the transaction volume of the trading platform reached 300-400 at the end of the year, but today It is 30-40.

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