Indian Exchange Launches Lending Program for 5 Cryptocurrencies

[proTECH77]

For Indian to launch lending Exchange which will provide 5 cryptocurrency program, is a welcome development if done in the rightful way. The percentage are well calculated, but hope the volatility of the crypto-market was put into consideration before these percentage allocation?. Hope the Exchange will not require much KYC, because this has been my fear from lending Exchange programs. 

[Netnox]

It is good if it's done right but I'm just wondering about the 2% interest rate? Will that 2% interest rate be fixed from the date you made a loan or will that also be volatile?

2% monthly interest means 24% annual interest. This much high interest rate is not viable even for fiat currencies, and here we are talking about an asset such as Bitcoin, which is protected against inflation.

This is just another scam, just like thousands of similar ventures in third world nations.

[Pab]

If Indian exchange has that kind of program then it can be really good for crypto
I know that India will release his own regulations
If regulations will be friendly then we can expect boom in crypto
India is continent and India GDP will overcome China even