I think this is once again one of those instances where people are running with a story that are factually wrong. India has not
said that it is banning Crypto currencies, but nothing is stopping the media to run with that story. The FUD wagon is running
on no brakes now.
The sites that I have found reporting on this, is by far not anywhere close to reputable media outlets.
Time will tell if I am wrong.
I hope this is just FUD news or it it make huge blow on the bitcoin prices more and more.But as far as I know there is no news related to this when I asked my Indian friends so the mendia juat telecasting the news wrongly.said that it is banning Crypto currencies, but nothing is stopping the media to run with that story. The FUD wagon is running
on no brakes now.
The sites that I have found reporting on this, is by far not anywhere close to reputable media outlets.Time will tell if I am wrong.
RBI has released circulars to address this .
https://coingape.com/rbi-final-call-dealing-cryptocurrencies-in-india/
https://coingape.com/rbi-cryptocurrency-ban-in-india/
official RBI statement in point 13
https://rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=43574