MUMBAI (June 26): India's largest digital asset exchanges are bracing for a drawn-out crypto winter — one with some unwelcome local twists. It's literally crypto winter here," he said, using industry jargon for an extended bear market. Adding to the pain, crypto exchanges have been largely cut off from the regular banking system since mid-April. It is a remarkable turnaround from last year, when India was one of the world's hottest crypto markets. Crypto exchanges took out full-page ads in newspapers and signed up Bollywood stars to promote their offerings to one of the world's youngest populations.
