Which crypto exchanges are operating illegally in India?
In the realm of cryptocurrency and finance, it's crucial to understand the regulatory landscape of various countries. In India, there has been significant scrutiny on crypto exchanges and their operations. Could you elaborate on which crypto exchanges are currently operating illegally in India? Are there specific regulatory guidelines they're violating? What are the potential consequences for these exchanges? Furthermore, what measures are the Indian government taking to regulate and enforce these regulations? Understanding these nuances is crucial for investors and traders alike.