India’s Crypto ban claims another Exchange

India’s Coinome has announced that it will cease operations on May 15th and has encouraged all its customers to withdraw their crypto. This is the 3rd such exchange to close down in India since the RBI imposed its ban last July. Zebpay was shut down last October due to the regulations, Coindelta was shuttered in April and now Coinome is the next Victim in line. Unocoin may be next as it has said that it only has until July before liquidity dries up. Unocoin has reduced its staff down to 14 people and may be forced out of India unless regulations change soon.

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