Crypto Exchanges look for Ways to get around Unofficial BAN

Cryptocurrency exchanges are implementing alternative method to meet an unprecedented surge in user sign ups after several big banks and payment gateways refuse to serve the crypto industry

Major banks including ICICI bank have cut of crypto exchanges for about a month and have directed payment gateways to stop services to merchants involved in crypto trades for now we are processing some deposits manually which is slower and we are implementing some new deposit solutions which should be online very soon the demand by Indians to be able to invest in crypto have never been greater another crypto exchange has set up online and off-line transaction modes and is in the process of setting up here to Peer to peer channel as well we have set up banking on ramps with prominent service providers in that area and are also setting up a strictly verified and validated P2P channel said Ashish Mehta cofounder of DIGITX. S-ET

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