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.
Still there's no official statement if the RBI will banning a whole of crypto. So in case they want to stop, but they still want to learn it (blockchain). Digital exchange of india still do a petition right now. Many startup of india are using blockchain for developing their concept. and that's why they are not worried about this because they already do a research before this problem coming