Indian Reserve Bank blocks Crypto Currencies

News coming from India today that Indians will no longer be able to purchase cryptocurrencies form their accounts. The central bank of India has issued new regulations on cryptocurrencies and users will no longer be able to buy or sell digital currencies. All institutions under RBI will follow the regulations applied by the central bank. For all the people who have invested in cryptocurrencies, this is going hurt but stay strong. This will end soon because future is in cryptocurrencies and it can be useful for government in increasing tax collection.