The Reserve Bank of India has got a court backing for its earlier restrictions on providing bank services for those who deal on bitcoin and cryptos,This is a direct disregard to warnings recently issued by experts(to Europeans banks) that banning cryptos will have undesirable consequences.Do you think it will reconsider its stance?
Yes, current situation is bad but it will soon be lifted I guess, there's been news that some kind of crypto regulation has been made and govt. may release it by fortnight of july. So let's see how that goes, also the next hearing in supreme court is on 20th july, some good info might come of it. Even if it's the bad news, I'm prepared for that
Koinex has already launched it's LOOP peer-to-peer platform so that's an option if needed to buy/sell cryptos with fiat. Same has been taken care of by BitBnS and WazirX platform. So technology is going ahead and govt. can ban crypto in its entirety.