Cryptocurrency Q&A
Is P2P banned in India?
Is P2P banned in India?
ShintoBlessed
Wed Jul 31 2024
|
6 answers
1652
Could you clarify your understanding of the situation regarding P2P transactions in India? Is there a specific regulation or law that has been enacted to ban P2P transactions involving cryptocurrency? Are there any concerns or limitations that individuals or businesses should be aware of when engaging in P2P transactions in India? Please elaborate on the current status of P2P transactions in the country.
6 answers
Valentino
Fri Aug 02 2024
Cryptocurrency exchanges face various regulatory hurdles globally, with some facing outright bans. One such exchange is Binance, which has recently encountered difficulties in India.
Was this helpful?
325
40
CryptoLegend
Fri Aug 02 2024
India's government has imposed a ban on cryptocurrency, causing Binance to discontinue a crucial service in the country.
Was this helpful?
248
37
CryptoElite
Fri Aug 02 2024
Specifically, Binance has stopped offering the cash payment option for peer-to-peer (P2P) trades conducted in Indian rupees.
Was this helpful?
331
85
BusanBeautyBloom
Thu Aug 01 2024
This move has significant implications for Indian traders who rely on Binance for their cryptocurrency transactions.
Was this helpful?
117
30
Caterina
Thu Aug 01 2024
It highlights the challenges that cryptocurrency exchanges face in navigating the complex regulatory landscape, especially in countries with strict restrictions on digital assets.
Was this helpful?
294
78
Load 5 more related questions
