The Reserve Bank of India has given the banks to differentiate relations with cryptocurrency traders and exchanges. The exchange operators, investors and its analysts say that people are running to take advantage of a three-month window.
These trade segments have dramatically increased with a fast rally in prices. Lenders have been regulated by facilitating the encryption of cryptocurrency after one month of the central bank block in India. Even after these central bank rules, they can swap for other coins through private business platforms.
It now enables the investors to convert the rupee to cryptocurrencies by acquiring it now. Regardless of this, formal banking channels cannot be used. There is a positive feeling in the industry that these governments will not ban trade in cryptocurrencies.
These people can go on the crypto-crypto trading platform and say that Shivam Thakral is Chief Executive Officer of BuyUcoin of the Cryptocurrency Exchange. Its new investors are coming into our exchanges.
They are making money because the prices of cryptocurncies increased. Whereas exist people have earned interest after the fall because they are getting good value.
source https://pingmod.com/2018/05/05/indias-cryptocurrency-investors-bet-trading-will-survive-bank-ban