P2P will also be banned soon after the Govt realizes that it was the worse option compared to centralized exchanges.
Banning P2P not possible at all, but Indian company can't be run business through that. They are just fooling their customer. It's very risky to using Indian company for P2P trading because whenever IT raid them they will provide all details to authority. Why we require Indian company for p2p when we have Localbitcoin and it is very trusted.
Can somebody list all legit P2P sites to exchange bitcoins to fiat?
Why you look for others while LBC there and nothing can stop that . This sad decision will encourage more Black money from now on . What a stupidity in this era rejecting future technology and allowing P2P approach rather than regulating it .
Govt/RBI was force to do this because of 100's of crypto ponzi running in whole India. Because of this it will stop for now.
What I think, govt. working on rules and regulation, when govt will implement that, this ban will lift and there will be big players coming in Indian market.
Hmm this can be the reason also . Whatever if Ban seriously implemented then i am sure most of the current top exchanges will provide service like LBC to their customers to keep the flow running . They should do it from outside of Indian Jurisdiction , offshore server on Japan or something and provide Escrow service for P2P trades .
P2P through Indian company is nightmare. There won't be any safety for users. Other thing RBI asked bank to close relationship with everyone who deal in crypto, doesn't matter it's company or individual.
