Some Indian cryptocurrency exchanges intend to transfer business overseas

According to dnaindia, due to the recent regulatory measures introduced by the RBI, some Indian cryptocurrency exchanges are planning to transfer business overseas. BFX Coin and the New Al Kasir Group are planning to transfer their business in Dubai. BFXC cut back on Delhi’s office staff and started new business in Dubai and Georgia in May this year. On the other hand, since India Post is not regulated by the RBI and some exchanges are interested in forming cooperation with India Post, Shivam Thakral, founder and CEO of Buyucoin, said that he will soon be in touch with India Post.

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