The recent crash in bitcoins has been due to the ban on Bitcoins by the RBI that is the authority controlling all the banks that run in India.
One should know that they have stopped us from converting cryptos into fiat.
Zebpay and other bitcoins wallets are fighting this decision already.
Due to the personal threat thatRBI seemed to face through bitcoins they made a decision that is right now affecting all the people who are involved in bitcoins already and trust me the number is not something that could easily be neglected.
With so much money invested by the individuals in this sector one needs to know that instead of encashing out holding and signing a petition for this cause will do more good.
Just running could prove detrimental for bitcoins .
One should remember the fact that it's Not China ! They are not living in a dictator's rule and for the sake of bitcoins they need to stand up against this decision.
Its really disappointing to hear such announcement though we do have options to exchange the crypto into local fiats. Don't you think that there is something linked to this decision. I would like to reiterate here. We had a wallet released from Jio. We have been hearing that Ambani's son has formed a team and working behind to create a new crypto currency which is called Jiocoin. The announcement and release of jio wallet would be for, exchanging other crypto currencies into jiocoin which would increase its values. This is what i predict from the announcement and the release of jio wallet at the same time.