India: Another Crypto Exchange Shuts Down!

Cryptokart has winded down its operations recently. According to the Linkedin post from its co-founder Gaurav Poddar.

We've decided to shutdown Cryptokart. While its difficult, given the hard work we've put in, its been a great experience and I'm glad to have gotten to work with such a talented and passionate team, and proud of the platform we've built.

If you know anyone interested in launching their own exchange, please let me know.

Also, I'm looking for opportunities in product management. If you know of any, please connect me.

Sad state of affairs in the country where several exchanges have had to shut their operations in recent times. Some of them like Cryptokar were in their infancy and struggling to run their operations amidst a market filled with fear about a crypto ban that may or may not really happen.

When will the government wake up to these issues are realise that draconian laws have no place in current times and technology has outpaced legislation.

The lawmakers in our country need to be progressive in their approach to ensure startups have a healthy environment to begin operations and thrive in the emerging FinTech sector.

Every day my expectations from the government continue to drop to new lows with their silence on matters of importance for the youth of today.

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