The Reserve Bank of India has got a court backing for its earlier restrictions on providing bank services for those who deal on bitcoin and cryptos,This is a direct disregard to warnings recently issued by experts(to Europeans banks) that banning cryptos will have undesirable consequences.Do you think it will reconsider its stance?
I think this is the matter of controversy and I think that every Indian should be worry about this, though bitcoin is a decentralised crypto currency and no country has the right to ban it completely, they can only ban people from using national exchanges and bitcoin will be banned completely in only one case and that is when all the countries in the world will ban it and we all know that it is next to impossible so one need not to worry that much about this ban but there could be some amendments for sure shot.