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WHY IS INDIAN GOVERNMENT BANNING FOREIGN CRYPTO EXCHANGES ? EXPLAINED ? #reducecryptotaxNischal Shetty, founder of WazirX, Shardeum and Avinash Shekhar, ex-CEO of cryptocurrency exchange Zebpay, have launched their new venture, Pi India today is no stranger to the concept of Bitcoin (BTC) and cryptocurrency. Home to over 1 billion people, the South Asian country touts a population. The SIT is investigating the Bitcoin scam dating to the period when the BJP was in power in Karnataka.