As the cryptocurrency market is getting crazy by the volatility caused by bitcoin cash, which has overtaken ethereum in the market capitalization. One big thing catched by eye. It is India, because the are heavy discusions regarding the bitcoin.
Several statements by representatives of the Reserve Bank of India (RBI) are currently giving rise to concerns that India plans to ban or at least more strictly regulate cryptocurrencies.
"Our current position with Bitcoins is that we will not use them for any payments and settlements ... but the cryptocurrency technology will not end there."
The central bank has recently expressed concerns about Bitcoin and other cryptocurrencies. Already in the spring there were rumors that a Bitcoin ban was pending.
The expecting decision will definitly cause one again a high volatility in the market.
