RATE Group | Kraken Announces Plans to Expand Indian Operations As Crypto Ban Lifts
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Kraken Announces Plans to Expand Indian Operations As Crypto Ban Lifts

10 Mar Kraken Announces Plans to Expand Indian Operations As Crypto Ban Lifts

Posted at 09:08h in Cryptocurrency News by

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The U.S. based crypto exchange Kraken will start to increase its operations in the Indian market following the recent ruling of the country’s Supreme Court to lift banks’ banning to do business with crypto companies, according to a March 9th announcement.

According to Kraken, its growth in India was hampered by the ban on the Reserve Bank of India (RBI). However, they did not give further details regarding the plans for this large market.

Future is bright for the Indian market

Sunny Ray, Head of Global Business Development at Kraken, said the following regarding the decision of the Indian Supreme Court:

“This is an incredibly emotional moment for India. Satoshi created Bitcoin because he felt that central banks were inefficient. The fact that the crypto industry just battled, and won, against the central bank located in the second-most populous country in the world is a massive achievement. We fought for 1.5 billion people to have the right to access crypto.”

Following the same…

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