Indian crypto P2P market size triples despite regulatory uncertainty

Even as fears of another blanket ban on India’s digital asset market linger on, peer-to-peer trading within the Asian powerhouse is still surging, hitting all-time highs over the first week of August.

This immense growth was initially spurred by the Supreme Court’s unequivocal decision earlier in March 2020 to repeal an unconstitutional circular imposed by the Reserve Bank of India forbidding local banks and various financial institutions from providing services to crypto exchanges and investors.

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