RBI Crypto Currency Ban - Do you think it's right?

@ankiit (13)
India
July 2, 2018 3:51am CST
RBI recently asked all the banks in India to stop dealing with crypto exchanges. Thus pretty much stopping cryto trading. I being a cryto trader was really shocked to see such kind of harsh and rash behavior from RBI without considering that many people have money invested in Crytos. I think they should regulate crypto transactions not ban them. What's your thought?
11 people like this
11 responses
BANKIM
@banksim (5256)
•
3 Jul 18
Due to this zebpay unicoin is facing much problem
1 person likes this
Ankit Sarkar
@ankiit (13)
• India
3 Jul 18
Yes zebpay asked it's customers to cash out because withdrawals would stop.
1 person likes this
BANKIM
@banksim (5256)
•
4 Jul 18
@ankiit i also invested so, so , so little amount in bitcoin...so i dont have much problem
Ankit Sarkar
@ankiit (13)
• India
4 Jul 18
@banksim I have around $3000 invested still. So really hope they figure something out
1 person likes this
AKRao24
@AKRao24 (27424)
• India
2 Jul 18
It was anticipated dear friend! Crypto currency is virtual currency without any official authority taking guarantee to pay its worth like other actual currencies. Crypto currencies have no mint like other currencies, where the value of he currency in circulation equivalent to the Value of Gold kept in mint. It is having lot of ambiguity and so it was to be banned Thanks!
1 person likes this
AKRao24
@AKRao24 (27424)
• India
2 Jul 18
@myklj999 , Thanks for the link I will go through it!
May2k8
@May2k8 (18389)
• Indonesia
2 Jul 18
probably their reason, for fear of crypto coins replacing the local currency there.
1 person likes this
DianneN
@DianneN (247184)
• United States
2 Jul 18
I'm clueless. I never understood or had any desire to understand crypto currency.
Valerie J. Routhieaux
@just4him (317238)
• Green Bay, Wisconsin
2 Jul 18
I don't know anything about crypto banking.
Sai
@vsai2008 (11796)
• India
3 Jul 18
I never understood cryptocurrency
DJ
@Daljinder (23236)
• Bangalore, India
2 Jul 18
Thankfully I haven't invested any money there yet. I thought since government was being fickle with it I would wait until things settle down.
anamika
@anamika161088 (11866)
• India
2 Jul 18
I thinks it's a good step to ban crypto currency here. It will be good in long run
Icydoll
@Icydoll (36717)
• India
2 Jul 18
That's a sad thing for all crypto traders
Jessa Bumagat
@Jessabuma (31700)
• Baguio, Philippines
2 Jul 18
Ohh that's sad to know..
Frederick Espiritu
@simplfred (20641)
• Philippines
2 Jul 18
Maybe they have some heavy reason behind.