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Tough time for Indian Crypto Exchanges Amidst Stringent Indian Regulations

The cryptocurrency market in India witnessed a remarkable period of flourishing growth. Indian cryptocurrency exchanges experienced a surge in trading volumes and user engagement, showcasing the increasing interest and adoption of digital assets among the Indian population. However, this flourishing phase was accompanied by regulatory challenges, including taxation issues, which eventually led to a significant slowdown in trading volumes and a more cautious approach among traders and investors.

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