Indian banks stopped crypto brokers bank accounts. millions of crypto investers have been put on notice. This will have a temporary impact on crypto market. prices may go down again. DON'T buy yet.
The bank bit is true, but the notice was just a tax notice, not any kind of legal threat or anything.
well,i didn't mention any legal threat above. people there use cryptos to make black money white. last month government had already warned people and brokers to invest in cryptos at there own risk. so, they were planning to put a barrier . i beleive the prices will go down.