Post
Topic
Board Bitcoin Discussion
Re: what is the main reason for india to ban cryptocurrency
by
coromabur
on 19/07/2018, 13:29:02 UTC
According to an article I've read, Actually RBI (Reserve Bank of India) has never used the word ban related to bitcoin or cryptocurrency. It only prevents the organization set by the central bank to deal with businesses that are related to crypto currency. Practically, this means the bank must stop deposits and withdrawals to and from the Indian rupee on crypto currency exchanges. This news is widespread and is seen as a "bitcoin ban".