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Crypto exchange Cryptokart shuts down over regulatory uncertainty
short by Kanishka Pandey / on Wednesday, 17 July, 2019
Cryptocurrency exchange Cryptokart has decided to shut down its operations after about two years. The RBI had barred banks from serving cryptocurrency exchanges and firms in April 2018. Cryptokart Co-founder Gaurang Poddar said that since this decision, the general interest in cryptocurrency in India has "tanked" and regulatory uncertainty "just makes any long term planning difficult".
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