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set to move to peer-to-peer platforms like. Meanwhile, the demonetization of the Indian rupee by the countrys government a couple of years ago had led to an increase in demand for Bitcoin, but the sad news is that everything seems to be going downhill ever since. Follow the videos in Step 6 to learn how to sell your crypto as well. (Photo Illustration by Chesnot/Getty Images). Indian lawyers are reportedly advising clients to adopt a wait and see approach when it comes to their cryptocurrency investments. As CoinDesk has reported previously, the Indian central bank issued the bank ban in April, after which crypto exchanges filed a petition to the countrys supreme court.
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The monthly trading volumes at that time were around.5 billion. CryptoCompare, Bitcoins price surged from about 6,900 to 9,650 in the last three days. You must have heard the news, Bitcoin and other cryptocurrency trading volumes are increasing at exponential level in India. PAN Card, bank Account statement/Passbook, account number and Name should be visible. All scanned copies/soft copies. Bitcoin Experts Seek To Educate Indians About Cryptocurrency. Aadhaar Card, front and Back separate files. It is important to be aware of every aspect, to understand Bitcoin better and make informed decisions while trading, added Khurana. Industry estimates suggest that there were five million cryptocurrency users in India in January this year spread across 10 exchanges. However a quick search will help you with is if you are having difficulty.