[2018-1-23] Bad News From India Makes Bitcoin Price Fall

[Vladdirescu87]

Bitcoin exchanges in India suffer bad times as the biggest national Banks of the country have frozen their accounts. The news led to turmoil in the domestic market as well as bringing the price of bitcoin down.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/bad-news-from-india-makes-bitcoin-price-fall/

[Kprawn]

DO NOT for one moment think these Banks are going to sit back and accept the disruption of their businesses, it will not

happen. They will fight tooth and nail to protect their profit and their hold on the financial system. {and the control they

have over governments} We should stand united against them and support the Banks that supports Bitcoin. Take your

accounts {money} to the competition, if they continue to sabotage Bitcoin. 

[chiggz]

Without providing valid proof this is pure Bullshit! Though there has been news similar to this spreading, it has nothing to do with the legality of the Crypto but more with the co-lateral that the exchanges have borrowed from the bank. The banks are demanding the exchanges for collateral on their borrowings while keeping accounts hostage. I believe the banks are scared of the next steps the government is going to take with Bitcoin trading. All the government wants is taxes to be paid.

The news led to turmoil in the domestic market as well as bringing the price of bitcoin down.

The Bitcoin price is on par with the international exchange rates plus the premium added. There is no such tumoil anywhere.

[gabbie2010]

The latest FUD coming from India is another major blow to bitcoin and other cryptocurrencies, it seem all these Asian countries are taking drastic steps towards regulating cryptocurrencies which posses a major threat to their economies.
All these measures had consequently plummeted the prices of Cryptos particularly bitcoin, this is indeed a major set back coming on the heel of US, China and South Korean clamped down on Cryptos exchanges.