The latest troubles of CoinSwitch, WazirX, and ZebPay’s banking highlight needs for cryptocurrency guidelines

Cryptocurrency in India enters the positive state after Finance Minister had talked about a calibrated approach towards it. However, many things become quite complicated fir applications designed to let users to trade cryptocurrency in India over the past couple of days. People who invest in and trade cryptocurrencies like Bitcoin, Dogecoin, Cardano, and Ethereum get much difficulty to deal with this investment sector. They can visit crypto weekly and keep up-to-date with the important things regarding the cryptocurrency sector.  There is a lack of regulation of cryptocurrency in India at this time. Many banks and payment gateways do not get the complete guidelines about how to support cryptocurrency transactions.

Important aspects of the cryptocurrency in India

Almost everyone with an interest to buy cryptocurrency in India is unable to decide on how they can fulfil such interest. They have a doubt about the level of future support for cryptocurrencies especially cryptocurrency platforms by banking institutions. The Government has an idea to set up a panel of specialists in the cryptocurrency and begin a step for the cryptocurrency regulations in the nation. Paytm Bank has taken back the overall support for banking services from the three popular apps for cryptocurrency trading as a consequence of other banks withdrawn their support over the past few months.

Make a well-informed decision

CoinSwitch, WazirX, ZebPay, and Kuber shared the complete official communication with their users and guide them for a safe alternative method to deposit money into the wallets of an app for buying cryptocurrency. There is no clear reason why Paytm has withdrawn its support from ZebPay, CoinSwitch Kuber, and WazirX. Many stakeholders like academics, policymakers, governments, and investors visit crypto weekly and focus on the crypto-economy. They wish to understand and keep up-to-date with the cryptocurrency related issues and make informed decisions on time.

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