Cryptocurrency Q&A
Is Poloniex banned in India?
Is Poloniex banned in India?
RainbowlitDelight
Sat Sep 21 2024
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6 answers
1292
Excuse me, could you please clarify the status of Poloniex in India? I've heard conflicting reports about whether or not it's banned in the country. I'm interested in trading cryptocurrencies on the platform but want to ensure that I'm not breaking any laws. Could you provide some insight into the current regulations surrounding Poloniex in India?
6 answers
SamuraiWarrior
Mon Sep 23 2024
The Reserve Bank of India (RBI) has recently imposed a ban on cryptocurrency investments and trading within the country.
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Carlo
Mon Sep 23 2024
This decision has significant implications for individuals residing in India who were previously engaged in cryptocurrency activities.
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Elena
Mon Sep 23 2024
As a result, popular cryptocurrency exchanges such as Poloniex.com, CEX.io, Kraken.com, and local platforms like BTCXIndia.com and EthexIndia.com are no longer accessible for Indian traders.
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Stefano
Sun Sep 22 2024
The RBI's stance reflects a growing trend among governments worldwide to regulate or outright ban cryptocurrencies due to concerns over their potential risks and volatility.
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HanbokGlamour
Sun Sep 22 2024
Despite the ban, there are still ways for Indian investors to participate in the global cryptocurrency market through peer-to-peer transactions or using VPNs to access international exchanges.
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