Indian Crypto Exchanges Report Jump in New Investors

Despite India imposing a tax on cryptocurrencies in its annual budget, top crypto exchanges in the country, including WazirX, CoinSwitch Kuber and Unocoin, have reported a jump in sign-ups since February 1, The Hindu Business Line reported.

New investors or users joining the platforms have increased by 35-59% across exchanges, the report said.

Read the full report: The Hindu Business Line.

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.