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?
India 🇮🇳 is a developing and very potentiating country and it has illegalised bitcoin in its nation because of its increasing illegal use and therefore they issued a notice in April month that all Indians have to withdraw their money within 3 months from these crypto currencies and then otherwise they will be responsible for the losses and then they illegalised bitcoin but still owning bitcoin is not illegal, we can use international exchanges for transacting bitcoin and there are even assumptions that there could be some amendments in this notice.