Latest Fiat-Crypto Exchange Launches in India

A new fiat-crypto exchange has launched in India, two months after the country’s stringent ban on banks’ dealings with crypto businesses was lifted.
A new fiat-crypto exchange has launched in India, two months after lifting the country’s stringent ban on banks’ dealings with crypto businesses.

The Chennai-headquartered exchange, dubbed Blocklink, went live on May 6. It was originally founded in March; the same month the Supreme Court ruled against the central bank’s longstanding moratorium on crypto-related banking support.
Blocklink supports Rupee (INR) deposits and withdrawals, and crypto-fiat pairs with major currencies such as Bitcoin (BTC).
In a statement accompanying the launch, Blocklink chief business officer, Maco Mari, said the exchange team had been building throughout the bear market and considers that the platform’s launch, mid-lockdown, comes at an apposite time:

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