Cryptocurrency exchange Kraken has announced it's about to again help Indian customers "begin saving for the future and sending value to family and friends overseas."
According to an official press release, the exchange is "thrilled to see" the Indian Supreme Court overrule the RBI’s ban last week.
Kraken Head of Global Business Development Sunny Ray claims that India's decision to lift the crypto-related ban is an incredibly emotional moment for India.
"The fact that the crypto industry just battled, and won, against the central bank located in the second-most populous country in the world is a massive achievement. We fought for 1.5 billion people to have the right to access crypto," Ray added.
Back in April 2018, the Reserve Bank of India banned cryptocurrencies by barring regulated entities from providing services to any individual or business dealing in digital currencies. As a result, India-based cryptocurrency trading volume had decreased by 90% in as financial institutions had already begun to restrict the ability of cryptocurrency exchanges.
Earlier iHodl reported that India's Supreme Court lifted the Reserve Bank of India's ban that prevented banks from offering their services to crypto-related companies.
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