Time limit for enacting Indian Central Bank’s ban on crypto dealings expires

Time limit for enacting Indian Central Bank’s ban on crypto dealings expires
фото показано с : bitcoints.com

2018-7-6 00:23

The Supreme Court had also ruled earlier this week not to grant interim relief to those affected by the upcoming ban.
If an Indian citizen wants to exchange crypto to fiat, then they will need to then use marketplace exchanges.
Additionally, crypto exchanges and companies will not be able to receive loans from banks in India.
One direct result of the ban is that Indian cryptocurrency exchange Zebpay announced on July 4 that it would be freezing Indian rupee deposits and withdrawals before the ban came into effect.
They banned crypto to control the people.” The crypto markets have seen a small slump today, which could be attributed to the news from India.

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