Back in July 2019, there was like a proposal made to ban crypto however it seems like it changed to this.
I guess it is better to be like that, rather than banning it.
This seems like people would buy Bitcoin through personal transactions. I am pretty sure this is like an initiation of the government to make their own coin, but let's see how it goes.
Topic: India Central Bank Says It Hasn’t Banned Crypto - page 3. (Read 413 times)
India never said bitcoin is ban. RBI had asked financial institution not to assist cryptocurrency related transactions. Bank have stopped cooperating cryptocurrency transaction and asked their customer not to transact any kind. People are able to trade frequently but I think it's a lot of pressure. In our country, it's ban 
Right. They did not ban the bitcoin transactions but they do not recognize it as a legal tender which makes it difficult for any holder to spend or convert them to fiat. According to some articles, a lot of exchanges there were forced to close down due to the pressure and unfavorable position of the government towards crypto. There were also reports that they are planning to launch a government-backed crypto and that's probably why they have all these restrictions.
in almost all countries bankers suddenly do the same thing with this, why is that, are they worried and afraid that fiat currencies will be replaced by new technologies such as bitcoin and blockhain, it seems they don't have to show fear like this, everything should work okay, bitcoin doesn't force people to stop using fiat currency so BANK's attitude shouldn't be like this to bitcoin, I think this news is old news that has been picked up and has no influence on the price of bitcoin, basically it is actually BANK and bitcoin can walk side by side, still all Indians have the freedom to use bitcoin too, why should it be banned, it looks funny and ridiculous
The Reserve Bank of India (RBI) said regulated entities cannot offer crypto assets in the country, but that does not equate to an overall digital asset ban. READ MORE VIA THE LINK BELOW...
https://worldpublicityblog.com/index.php/2020/01/23/india-central-bank-says-it-hasnt-banned-crypto/
https://worldpublicityblog.com/index.php/2020/01/23/india-central-bank-says-it-hasnt-banned-crypto/
It cannot be an overall ban. The ban was for the financial sector for them not to get involved in transactions using cryptocurrencies. That would include banks and other financial establishments. If this is the case, individual citizens in India has the freedom to transact, trade, and use crypto for remittance.
The Reserve Bank of India (RBI) said regulated entities cannot offer crypto assets in the country, but that does not equate to an overall digital asset ban. READ MORE VIA THE LINK BELOW...
https://worldpublicityblog.com/index.php/2020/01/23/india-central-bank-says-it-hasnt-banned-crypto/
https://worldpublicityblog.com/index.php/2020/01/23/india-central-bank-says-it-hasnt-banned-crypto/
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