RBI has asked banks to cut-off their dealings with the crypto-related exchanges. For P2P trading, you are the dealer(buyer/seller) and exchange is the medium. It will be similar to WazirX P2P. For more details about Huobi, check out this post: https://steemit.com/huobi/@jpsarma/my-experience-with-huobi-global-huobi-otc
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