It is not correct statement. Exchanges have not disallowed the transaction in crypto vs. fiat. It is the Reserve Bank of India which instructed the Banks working in India ; to not to facilitate their customer pay for the purchase of crypto currency. So now no customer of a bank is able to buy crypto currency by making payment for their account.
Topic: Indian exchanges have announced that no crypto-fiat exchanges will be allowed . - page 4. (Read 540 times)
July 06, 2018, 11:12:17 PM
July 06, 2018, 11:02:05 PM
Indian exchanges have announced that no crypto-fiat exchanges will be allowed till further RBI notice.So now the future of Crypto in india is in dilemma.
That's the one sample of Country that totally prohibited to use Bitcoin. If all country has to do that no reason why bitcoin continue operated, they have to doin that because banking system is india was really good. and they don not want it to crack down because of bitcoin.
July 06, 2018, 09:57:04 PM
Recenty the Indian exchange have made an announcement that until further notice from RBI no crypto currency transactions will be allowed in India.
July 06, 2018, 02:53:09 AM
Its happening every other week now, someone bans it then they reintroduce it further down the line. A lot of these countries/governments should actually do a little due diligence before making such bold moves.
July 06, 2018, 02:22:25 AM
Another country banning cryptocurrencies without knowing anything about it. Well, good thing that India isn't significant player on crypto market, so we won't see any impact like it was with China.
July 06, 2018, 01:42:08 AM
OH! Finally it is announced in India. RBI has just disallowed all kind of crypto based transaction all over India. I think a lot of crypto enthusiast will stay behind due to this decision. However, let's wait and see whether RBI change their decision with time.
July 06, 2018, 01:22:19 AM
That's sad to know. May be RBI is taking crypto currency as a threat. Probably, they are thinking that this may somewhat replace the fiat currency in the big cities of India. However, I'm hopeful that soon RBI will change their decision and accept crypto currency.
July 05, 2018, 09:58:32 AM
Indian exchanges have announced that no crypto-fiat exchanges will be allowed till further RBI notice.So now the future of Crypto in india is in dilemma.
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