Indian crypto exchanges bypassing RBI ban and starting P2P trading services.

2018-7-2 18:05

Two Indian exchanges have announced that they are launching P2P crypto trading services which will allow traders to buy and sell crypto legally even after the central bank’s ban.
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Wazirx’s P2P Service
With the banking ban by the central bank set to take effect on July 5, Indian crypto exchange Wazirx has been working on a solution for users to buy and sell crypto without needing a banking service.
The exchange announced last week that it is launching a P2P crypto transfer service which it claims to be “the most legal way to buy/sell cryptos in India after the RBI ban”.
Koinex’s P2P Service
Another Indian crypto exchange, Koinex, also announced last week that it is launching Loop, “a peer-to-peer network for digital assets transactions using fiat currency”.
What do you think of Indian exchanges launching P2P trading?

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