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.
that's just FUD. Goverment has been working on restrincting accounts of exchanges since 6 months now. the are launching their own shitcoin, which is wh they are tring to curb the use of bitcoin and other cryptocurrency