While South Korea has asked Bitcoin traders to reveal their identity, India has gone all out to shut all doors pertaining to cryptocurrency trading in the country. As part of the latest move, the Registrar of Companies (RoC), MCA has stopped registering cryptocurrency exchanges under the Companies Act, 2013. Banks have almost stopped their services to cryptocurrency exchanges. Cryptocurrency trading, which otherwise should have been faster than conventional asset trading, is now taking hours to weeks for the confirmation.

(Inc42)