Wow, that really could be quite a knock out for a lot of Indians and the space for a while.
No bank will be able to have any long term effect on crypto, as people WILL find ways around it and the end result will be RBI loosing more and more influence, but short term, it is a blow.
Thanks for the update.
Let's see what happens!
I have posted an article just a minutes before replying to you. In that article I have provided the latest update.