Indian crypto exchanges are raising money after landmark ruling, but coronavirus concerns have affected their deals

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Quick Take

  • Indian crypto exchanges are gearing up to raise money
  • At least four out of seven Indian crypto exchanges told The Block they are looking to raise funds to either expand or relaunch their operations in the country – but risks related to the coronavirus pandemic have hampered such efforts
  • These exchanges include Unocoin, BuyUcoin, CoinRecoil and Belfrics, among others.
Exchanges that are currently operational, as well as those relaunching, are all raising funds. These include Unocoin, BuyUcoin, CoinRecoil and Belfrics, among others.
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