In a shock decision today, RBI - the regulatory monetory authority of India barred all banks from having any association with individuals or businesses dealing with crypto.
Banks have been told to exit any such association within 3 months, and the local exhanges already see prices in freefall.
Sigh. Crypto just cant catch a break this year. I hope 2018 just ends already.
They don't want their people to take risk while watching behind, Crypto's are still young and still improving and part of improvement is to have some people that don't want or afraid to engage with it, but I could tell, once its already adopted everyone will follow.