Earlier this year, India was about to propose a bill to ban cryptocurrency trading. While that’s on hold, there are multiple concerns about India’s cryptocurrency regulations that can impact traders and exchanges. However, this uncertainty hasn’t stopped major exchanges from exploring the possibility of building out their presence in India. According to a report by Reuters, U.S.-based Kraken, and Hong Kong-based Bitfinex and KuCoin are “scouting the market” to potentially set up camp in the country. The report said that according to analysts, Indian cryptocurrency investors hold assets worth $1.37 billion. [Read: Why entrepreneurship in emerging markets matters] Cryptocurrency giant Coinbase has already expressed its intention…
This story continues at The Next Web
from The Next Web https://ift.tt/3g51Jm7
