You’ve Heard Of India’s Crypto Ban, But Why Did They Do It In The First Place?

Source: Cryptodaily.co.uk, originally published on .

https://cryptodaily.co.uk/2018/07/youve-heard-of-indias-crypto-ban-but-why-did-they-do-it-in-the-first-place/.

You’ve Heard Of India’s Crypto Ban, But Why Did They Do It In The First Place?

The Reserve Bank of India (RBI) have relished in headline news for the past couple of weeks. This of course stems from a ban on cryptocurrencies, stipulated by the RBI a few months earlier. The ban came in to force at the start of July and now, as it stands, means that traders in India can no longer trade FIAT-Crypto or vice versa. Technically, the RBI do wish to ban all crypto interaction, however as it stands, it is still possible to trade crypto-crypto via some exchanges.

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