Asthe crypto banking ban in India came into force in July, the country’s crypto exchanges cannot obtain banking services. Most of them shut down their INR support. However, some time ago a few crypto exchanges announced the renewal of INR deposit and withdrawal despite the banking ban. Several petitions against the ban imposed by the Central Bank have been submitted to the Supreme Court.

Koinex, one of the exchange platforms,told about the revival of INR through a P2P deposit so that users could deposit and withdraw funds.Giottus also offered an effective solution to allow users to carry out transactions with Indian rupees using P2P.

Wazirx, another exchange, has been usingexchange-escrow P2P services for already 6 months. Instashift offers P2P transactions in the amount of more 80 coins. Despite the ban, exhange platforms can see up to 25% growth in trading volumes.Coindcx guarantees fast transactions with INR. All companies provide users with all the rules including the transaction procedures and coins supported.

https://news.bitcoin.com/indian-crypto-exchanges-fiat-support-rbi-ban