Gate.io Blocked in India Amid Growing Crypto Regulations

The post Gate.io Blocked in India Amid Growing Crypto Regulations appeared first on Coinpedia Fintech News Popular cryptocurrency exchange Gate.io has now been blocked by the Indian Government which is shutting down trading for Indian users. This move has been made at a time when there is increasing regulatory attention to the functioning of crypto firms in the country. Concerning the transfer and other ongoing transactions users have raised their concerns. To the date of writing this, there is no communication from Gate.io on the banning of its operation. This decision escalates measures against cryptocurrencies in India and may harm thousands of traders engaged in operations on the platform.