Bitcoin, Ethereum Prices Remain Steady Despite ‘Crypto Ban’ From India’s Central Bank
The crypto markets are holding their own this week, with Bitcoin (BTC) not venturing too far away from $7,000, even amid news that India’s central bank would stop dealing with crypto-related businesses.
The relatively steady prices could be attributed to a big adoption win in Asia yesterday, when Omise and OmiseGO signed a Memorandum of Understanding for fintech and Blockchain innovation with a South Korean banking affiliate.
BTC is currently trading for around $6,880, up a little more than 3 percent over a 24 hour period to press time.
https://cointelegraph.com/news/bitcoin-ethereum-prices-remain-steady-despite-crypto-ban-from-indias-central-bankIndia has not banned bitcoin / crypto currencies. RBI has announced its entities not to deal with bitcoin or any other crypto currencies / virtual currencies.
India should open its eyes and welcome bitcoin and crypto currencies to enrich its economy?