RBI hasn't done anything like that. They have simply instructed banks licensed by them to not provide banking services to crypto businesses that's all. You can trade via p2p channels just don't mention cryptos in the transfer memos to play safe. :)
Damn I didn't know that. I had some investments in Bitcoin thru zebpay I pulled all of it out.
So that means I can still invest it there all safe without being worried of how to withdraw it?
Many people in India had done the same thing- Panic selling!
Yes, you can still invest in crypto. New online p2p crypto exchanges have come up now where you can trade your cryptos directly with other people. Try wazirx or giouttus they are good.
The supreme court of India has at present backed the ban of RBI prohibiting banks, financial institutions and other regulated institutions from providing any support to virtual currencies. The final hearing of the fate of cryptocurrencies in India has now been postponed to September 11th
Last week was really good for Indian Crypto lovers. And I think Telangana government is taking step up to expand Block chain in India on the other hand Central government is not supporting.
Yet we all have hope that Central government will decide soon about acceptance of legit Cryptoes like Bitcoin and also take a step to reduce scams in India...
Does anyone know why their offices are kept secretly? I'm curious about it :3
Security of the information they store and their employees.
Security of
The information they store
And their employees.
- firepower
I'm a bot. I detect haiku.
Thanks for posting this informative interview @firepower
I wish RBI didn't impose ban on crypto conversions to cash
RBI hasn't done anything like that. They have simply instructed banks licensed by them to not provide banking services to crypto businesses that's all. You can trade via p2p channels just don't mention cryptos in the transfer memos to play safe. :)
Damn I didn't know that. I had some investments in Bitcoin thru zebpay I pulled all of it out.
So that means I can still invest it there all safe without being worried of how to withdraw it?
Many people in India had done the same thing- Panic selling!
Yes, you can still invest in crypto. New online p2p crypto exchanges have come up now where you can trade your cryptos directly with other people. Try wazirx or giouttus they are good.
Thanks I searched about wazirx,looks promising
@anupyadav Yes that's correct. You panic sold unfortunately. I've been posting facts around this situation as it developed for months now.
Unfortunately I wasn't aware of the full picture.never too late
Seriously I have a lot to learn from you 🙂
In India everything should be kept as secret if not politicians will take over it
J
The supreme court of India has at present backed the ban of RBI prohibiting banks, financial institutions and other regulated institutions from providing any support to virtual currencies. The final hearing of the fate of cryptocurrencies in India has now been postponed to September 11th
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Interesting,,,, They also launched a plan, blockchain district, in Hyderabad.
Last week was really good for Indian Crypto lovers. And I think Telangana government is taking step up to expand Block chain in India on the other hand Central government is not supporting.
Yet we all have hope that Central government will decide soon about acceptance of legit Cryptoes like Bitcoin and also take a step to reduce scams in India...
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Don't click this link guys .. flagging this post @firepower review this blog & hide this comment asap
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