Indian Central Bank Bans commercial banks from Processing Cryptos
RBI, the apex bank in India has stopped commercial banks under its regulation from processing payments and transactions with entities dealing in Cryptos.
However on the other end, they have also declared their interests in blockchain technology and that they might introduce their own Cryptocurrency.
Ironic.
India amounts for almost USD 1 million on weekly basis only LocalBitcoins. Other exchanges yet to be accounted for.
More news to follow
Source: https://www.ccn.com/india-bans-banks-from-processing-cryptocurrency-purchases/
https://coinsutra.com/reserve-bank-of-india-cryptocurrencies-ban/
Crypto is the future trend of the world. Nothing can stop it. But make sure that a lot of people will lose money for it
Yes, It sure is the future. But not everyone is good at adapting change. Moreover, it is in a way threat to the credibility and existence of Central banks all over the world. So such resistance is obvious and valid. Believers have to work together to take cryptos to next level.