India’s cryptocurrency market expanded more than 600 per cent in the 12 months through June 2021. Photo: Reuters
India’s cryptocurrency market expanded more than 600 per cent in the 12 months through June 2021. Photo: Reuters
India

India’s cryptocurrency market was enjoying a ‘golden age’, but now it’s in a mess

  • With token prices plummeting and customers unable to transfer money to their accounts, major exchanges like WazirX and Unocoin are feeling the squeeze
  • Executives fear a new tax system in India, which last year ranked second in the world for cryptocurrency adoption, will wipe out what little trading is left

India’s cryptocurrency market expanded more than 600 per cent in the 12 months through June 2021. Photo: Reuters
India’s cryptocurrency market expanded more than 600 per cent in the 12 months through June 2021. Photo: Reuters
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