What happened to bitcoin & Dogecoin in India?

Bitcoin fell more than 13% on the Indian exchange site WazirX, while Shiba Inu and Dogecoin both dropped more than 15%. However, Glen Goodman, author of The Crypto Trader, told the BBC's World Business Report radio programme that the global impact was "relatively small".

How many crypto exchanges are in India?

Binance, KuCoin, Huobi, Kraken, Gate.io, Bittrex, Bitstamp, MEXC Global and Bitfinex are the nine exchanges. The Indian government has issued compliance show cause notices to nine offshore crypto exchanges under its Prevention of Money Laundering Act (PMLA), it announced on Thursday.

Why has India clamped down on crypto exchanges like Binance?

India clamped down on overseas crypto exchanges like Binance that it says are operating illegally there, moving to block local access to their websites. The Financial Intelligence Unit issued so-called compliance show-cause notices to several platforms including Binance, Kraken, KuCoin and Huobi.