RBI Ban: Indian Crypto Exchanges to Stop Handling Fiat Deposits and Withdrawals

As regulatory uncertainty in the Indian cryptosphere continues, exchanges and crypto-related businesses in the country are putting measures in place to cushion the effect the Reserve Bank of India’s ban may have on their businesses.Despite strong criticisms and petitions from stakeholders in the nation’s digital currency industry against the RBI’s directive that banks should stop servicing crypto-related businesses by July 5, it appears the mandate will hold as planned.