As all of the crypto world people are aware that India ban crypto related work from RBI, the flash news is that the crypto exchange company from India Kionex was shutdown before the relation pass itself. This may clear some thoughts on the future of cryptocurrencies in India. The Indian government is looking to manage these issue by issuing some regulations over crypto related issues. Koinex shutdown yesterday as per their official statement by 27th july all the open trading order will be closed after the deadline and returned to their wallets.
After the deadline the wallets will still be functional upto 15th july and they requested to their users to withdraw all their funds to their wallets.