There was decision came from RBI that there will be no more transaction possible for Buying and Selling of cryptocurrency (bitcoin, ripple, litecoin, etc.) in india through bank.
This means that we are unable to buy and sell our bitcoin by our bank account AND IT DOES NOT MEANS THAT CRYPTOCURRENCY IS ILLEGAL IN INDIA.
Indian exchanges such as zebpay are appealed in Supreme court to reverse this decision.
The next hearing date is 25 july 2018.
BUT
That doesn't means that if you hold any cryptocurrency is worthless...
there were many foreign exchange where you can convert your btc to inr for some transaction fees.
I am a crypto-earner and above RBI decision doesn't effect me at all. I will continue my work as it is, as you can see
Please comment what you think about this RBI decision and how would you respond??