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Xapo Bank to Expand Cryptocurrency Services Across India and South Asia

June 22 (Cointime) - Xapo, a crypto-friendly private bank based in Gibraltar, is expanding its services across India and South Asia. The bank will offer its USD offshore savings account with 4.1% interest and a bitcoin wallet with 1% interest on BTC deposits to members in the region.

Xapo's CEO, Seamus Rocca, said the expansion is in line with the positive shifts in Asia's evolving crypto landscape and the bank's mission to make secure transactions simple for its members. Despite India's mixed relationship with crypto, with taxes imposed on transactions, its large population and over 100 million crypto users make it an important market for cryptocurrency firms.

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