Amid the panic induced by the freezing of bank accounts run by cryptocurrency exchanges in line with the Reserve Bank of India’s (RBI’s) direction in April, traders in India found a lucrative arbitrage opportunity to mint money like never before.
It all transpired on a cryptocurrency exchange platform Koinex, which had announced that it will not be accepting any more cash deposits in its digital wallet after July 6 and will not provide a cash-out facility for cryptocurrency holdings after 2pm on Monday. As the deadline approached, people sold their holdings in large ...Read Full Story
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