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.
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