Spooked: Two Indian Cryptocurrency Exchanges Shut Down, Despite No Government-Wide Crackdown

Two Indian cryptocurrency exchanges have halted trading amongst fears of a crackdown. Although the Indian government has expressed keen interest in blockchain-based technologies, cryptocurrencies are not regulated in the country. And while it hasn’t yet introduced restrictions on the coins, the threat of doing so has been enough to spook some in the industry.
In an email to its customers, BTCXIndia, which bought and sold Ripple, stated that it would not be accepting new deposits. BTCXIndia