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Showing posts with the label Regulatory pressure

Coinbase Plans India Comeback After Securing Regulatory Registration With FIU

Impact on Crypto Market This decision had a significant impact on the crypto market, with prices of popular cryptocurrencies such as BTC, ETH, and XRP dropping by more than 20%. This caused panic among investors and led to a massive sell-off, resulting in further price decreases. Twitter Reacts As news of the exchange's withdrawal spread, Twitter was flooded with reactions from crypto enthusiasts and investors. The trending hashtag #CryptoExit was used to discuss the situation and express concerns about the future of the crypto market in the country. Alternative Exchanges With the closure of the popular exchange, many investors were left wondering where to trade their cryptocurrencies. Some turned to other established exchanges such as Coinbase and Binance, while others explored newer options like UNI and DOGE . However, the sudden influx of users caused delays and technical issues on these platforms, causing further frustration among in...