Ninjastic
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Re: End of road for Cryptocurrencies in INDIA?
by
karnwillbit
on 09/04/2018, 11:07:17 UTC
Quote from: IamAltcoinfan on April 06, 2018, 10:31:57 AM
Quote from: St4yInTh3D4rk on April 05, 2018, 02:08:34 PM
Quote from: d-unknown on April 05, 2018, 01:36:18 PM
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.



It means the bitcoin was officially banned in India?

If it will be true then more and more price fall will occur in bitcoin because India is the second largest populated countries and they also playing big part in crypto currency field. Cry
No way india holding very small portion of crypto holding .Even  No major exchanges represents india more than that only Zebpay is the only exchange given api access to coinmarketcap . No other exchanges then how do you say india plays major role.
Please read this thread i have created
https://bitcointalk.org/index.php?topic=3268437
This seriously an exaggeration, nothing else. India is not among the major supporters of the crypto market, nor is it holding any successful crypto exchange of the world. India is not China which will affect the market in an influential way. The banning of crypto currencies in India is not going to make people suffer in any way except for Indians themselves. There is no need to even pay attention to this news.