Wow, thanks for posting this here. I didn't knew RBI has made an announcement on this matter.
It's good to know RBI has even acknowledged the matter and has further made an announcement to disregard any such emails from the banks.
I had seen few people complaining about receiving such emails. Now we can tell them not to worry about it since RBI has made a clear announcement.
Crypto bill will definitely be tabled in the upcoming monsoon session in the parliament and I fear that cryptocurrencies will face prohibition in India. So I would say, please don't use any Indian centralized crypto exchange as of now. Exercise extreme caution and don't go beyond p2p trading.
We will need patience to see how the things move on.
Wazirx has already stopped payments using UPI/IMPS/RTGS since they are facing banking issues. Half of the people would have already stopped depositing on wazirx due to this.
But yeah, I think this issue will be sorted soon and we will be able to use it again. Although we have read rumors about the crypto ban, I think there won't be a complete ban but may be regulation or restriction on cryptocurrencies as payments. Only time will tell how the Indian government proceeds with cryptocurrencies.
