RE: Anti money laundering rules are applied on Crypto in India
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P2P is the way to go. I personally do not use Indian exchanges, I rely on Binance or Huobi P2P for USDT-fiat exchange and it's way better than the Indian exchanges.
I am quite hopeful that over the next 2 years or so we begin to see some sort of a framework that would make the regular exchange and banking transaction with crypto easy.
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Good decision I must say as I see people struggling with Indian exchnage.