The central bank of India (RBI) today, directed all the regulated bodies to not to provide services to any individual and business entities that use or deals in virtual currencies within a specified time period i.e. about 3 months.
RBI bans regulated entities to deal with crypto users
Reserve Bank of India (RBI) has barred the regulated entities including banks from providing services to any individual or business entity that deals with virtual currencies.
Today has been the first bi-monthly Monetary Policy Statement of 2018-19 of RBI, where the central bank has given a 3 months period to sever their ties with the entities using virtual currencies.
This is an another set back for bitcoin and their country . India is one of the biggest market of ICOs and crypto currency . That is such a shame that Indian government is taking such step amid knowing all the possibilities and potentials it has to remove the problems of poverty , unemployment etc in their country . I seriously do not understand why the perspectives of people and governments are not changing for good.
Very strange that you do not understand. Poverty benefits the government of India. Poor people are always easy to manage. If a hungry man is fed, he will be willing to do anything for his Savior. Why does the government need everyone to be able to provide for themselves and to Express their claims to politicians at any time?