Bitcoin has became integral part of my life since last couple of years... I started with faucets then I bought and started trading bitcoins and later started writing articles about bitcoins and cryptos and now I am spending a lot of my time in this like altcoins trading and many things..... with this news coming I am shocked.. please tell me what can I do to continue on this as RBI will stop any transactions of bitcoin from my bank so I wont be able to buy or sell bitcoins which will make everything useless what work i do... please advice me what can i do in this situation
Option 1: Move to another country
Option 2: Open up a Foreign Bank Account , and use it as an intermediate between an exchange in a foreign county and your local Indian bank account.
The Exchange has to have a sell bitcoin to fiat option. Transferring only fiat between your local Indian bank and the foreign bank bypasses their censorship.
Option 3: Use a Paypal account as an intermediate between an exchange in a foreign county and your local Indian bank account.
The Exchange has to accept Paypal.
SouthXchange.com used to accept paypal last I remember.
Option 4: If you are paid in bitcoins and only need to convert it to Indian money, just use your bitcoins to buy giftcards and spend the gift cards.
Go to
https://www.gyft.com or
https://www.egifter.com or
https://www.cardfy.com and purchase the desired Gift Card with the BTC