RBI, the apex bank in India has stopped commercial banks under its regulation from processing payments and transactions with entities dealing in Cryptos.
However on the other end, they have also declared their interests in blockchain technology and that they might introduce their own Cryptocurrency.
Ironic.
India amounts for almost USD 1 million on weekly basis only LocalBitcoins. Other exchanges yet to be accounted for.
More news to follow
Source: https://www.ccn.com/india-bans-banks-from-processing-cryptocurrency-purchases/
https://coinsutra.com/reserve-bank-of-india-cryptocurrencies-ban/
