Thu. Oct 29th, 2020

The repeal of the Reserve Bank of India’s (RBI) crypto ban has driven a boom in exchanges launching in India, offering hope that the growth of a robust local industry will incentivize lawmakers to maintain India’s permissive regulatory apparatus.

In March, India’s Supreme Court repealed the Reserve Bank of India’s (RBI) ban on financial institutions providing banking service to businesses operating with virtual currencies — legitimizing India’s cryptocurrency firms.

In recent weeks, Indian startup Tradehorn became the latest domestic exchange to launch,  local derivatives platform Delta Exchange announced strategic funding from New York-based CoinFund to expand operations, and new fiat-to-crypto exchange BitPolo also went live. 

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