Hi All
Yesterday, India's Central Bank RBI has directed all Indian banks to stop dealing with crypto related businesses. This essentially means that banks will close accounts of India based crypto exchanges which accept INR payments. That further means that Indians can't buy or sell their cryptos in INR through legal options. Now the only solutions that remain are basically selling cryptos on sites like Payeer, or to someone who can send payments via Paypal, wire etc. These options are risky and also lead to loss of your crypto assets in form of high fees.
What can you do to make RBI reconsider its decision?
1) First of all, stop using abusive words, images on RBI's twitter handle. Sometimes I seriously feel ashamed of being an Indian, when I see Indians using harsh and abusing language when things don't go as per their wishes. By warning RBI chief that you will rape his mother, you guys are only accelerating the doom of cryptos in India.
Make valid points and tweet them on RBI's twitter handle.
https://twitter.com/RBI2) Sign this petition.
https://www.change.org/p/rbi-make-india-at-the-forefront-of-blockchain-applications-revolution7K+ people have already signed it. If it reaches a big number, the concerned authorities will surely take a look at it and might come up with some better announcements.
This is what you can do right now. Don't panic sell. Wait and watch. There is still a time of 3 months before the full implementation of this directive. A lot can happen during this time frame.