What you think of Bitcoin future in india after the declaration of RBI that Bitcoin is a illegal Tender in India and no Bank can deal with Crypto currency.
Now what is the future of Bitcoin after this.
Bitcoin's long term future will not be affected.
But prices have suffered as a result of this coming out.
Bitcoin trading will simply move away from India, and exchanges from India may choose to relocate to overseas, even though they haven't really done anything to this day. Also, buying and selling of bitcoin will move to p2p platforms instead of exchanges. If RBI is actually going to enforce what they said, then it's going to be bad for the Indian economy in the long run once bitcoin and crypto becomes mainstream. The ones that are going to be affected is going to be themselves, not BTC or other cryptos.