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?
We all know that bitcoin is a decentralised crypto currency and thus there is no such proper authentic regulating body over the bitcoin who could keep eye over all the bitcoin activities and specifically the illegal one and after seeing this thing reserve bank of India has put ban on crypto currency as they issued a notice stated that all the crypto users have to withdraw their money from crypto currencies within 3 months and then after that they will be responsible for the loses and then in month of July they has banned every crypto currencies but there are assumptions that there could be some amendments in this notice.