Re: India's Banks shut down Cyptocurrency trading accounts

Quote from: Beclecam on January 21, 2018, 06:40:43 PM

Quote from: Nkan25 on January 21, 2018, 04:57:52 PM

"Banks across India are cracking down on bitcoin trade, months after Finance Minster Arun Jaitley publicly denounced the digital currency.

Bitcoin opened on the markets at $12,899.20 (£9,307.16) before plunging by $1,000 (£721.53) just before 8am GMT.

The token bounced back somewhat at 2.05pm GMT, exchanging hands at $12,199.50 (£8,802.31) down 4.11 percent on the past 24 hours.

Bitcoin exchanges in India are now under fire, with the State Bank of India (SB), Axis Bank, HDFC Bank, ICICI Bank and Yes Bank reportedly closing or limiting activity on accounts tied to bitcoin trade."
https://www.express.co.uk/finance/city/907786/bitcoin-price-india-cryptocurrency-trading-btc-exchange

Banks are getting scared and I think people will always find a way if they want it.

Your country may prohibit the use of bitcoin coins

Governments or Banks can ban as much as they want. If people have a desire, they'll find a way to get it when they want it bad enough. Crypto will grow and those that embrace it will benefit from said growth. Those that reject it, will lose out on business.