At last 3rd july 2018 the day was arrived , which was act as a nightmare for all crypto lover in india . on 5Th april 2018 the central bank of india issue a circular to stop providing banking services to anyone who deal with the bitcoin or altcoin even he was an individual or investors or exchanges. 5th july 2018 was the last cutoff date for the banking services for everyone. From 6th july no services was carried on. Due to this local bitcoin market was shaken and made a dip earlier also.
The investor are left no choices either they withdraw there fiat money to there bank before cutoff or move them to any international exchanges.
Many small investors get feared what to do next. Some exchanges come with Pear 2 Pear services in which exchange will act as escrow party.
But in a country where bitcoin was once banned , then in whatever ways we deal with crypto , whenever we will convert these into fiat , how we tackle down the income tax officers , what we will say about these transaction which are reflected in our bank account statement. This is what the main problem facing by the Indian crypto lover.
In between these there is only last chance of hope that supreme court of India , give opportunity to all plea , to come with enough facts to challenge RBI (central bank of india ) circular to stop providing services to crypto lover on 20th july 2018.
So dear friends i ask one question how we will tackle this situation. Because i am not going to leave my crypto love token .
What are the genuine way to bypass our central bank and withdraw fiat in our bank ?
Your suggestion will help me or help all people like me.
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