"more than 3.5 billion USD worth of cryptocurrencies have been traded in India" - from the article. Lol, this much volume and this country straight out bans banks from crypto trading. Don't know how tax laws are gonna hold up.
what is the time frame of that number? because $3.5 billion can be huge if it is talking about last week but very tiny if it is talking about last 6 months!
for example during the big rises of bitcoin mid 2017 i believe the trading volume from India was at least $3.5 billion in 2 months alone.