Commenting on the rise of P2P trade in India, Nischal Shetty, CEO of Indian cryptocurrency exchange WazirX, told Cointelegraph that the 2018 restrictions imposed by the RBI made it difficult for Indians to convert rupees to crypto and vice versa. Since the ban was lifted, however, a number of crypto exchanges have been able to create direct banking channels for local currency deposits and withdrawals, thus contributing to the surge in P2P trade.
https://cointelegraph.com/news/indian-crypto-p2p-market-size-triples-despite-regulatory-uncertainty
Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
