RBI just published a list of such unauthorized trading platforms, warning Indians that trading on these platforms can be prosecuted under the FEMA act...
The silver lining for India in the current global meltdown is that we may continue to do better than other markets on a relative basis because of the low levels of leverage in our capital markets...
I think many Indian crypto investors accidentally got lucky due to TDS & Tax on Crypto announcement this budget in Feb. If not, many could have potentially been trapped trying to buy the dip & then averaging down...
Fractional investing or the ability to invest say $10 in Amazon at $3200 has been the biggest reason for stock market participation to go up in the US...