(RBI)’s circular banning banks and upcoming 20th july decision

on July 5, Bitcoin registered a spike this week and is currently trading at $6.7K. Meanwhile, Malta and Abu Dhabi confirmed that they would be introducing legislation on cryptocurrency. With the Supreme Court of India refusing to grant an interim stay on the RBI circular, most cryptocurrency exchanges operating in India have launched crypto-to-crypto trading services.
Meanwhile, the Gujarat Bitcoin scam just got bigger. the opposition party at the Centre as well as in Gujarat has now claimed in a press conference that a leader from the ruling party is involved in a Bitcoin scam worth $700 Mn.