The failure of RBI decision of banning cryptocurrencies(Bitcoin)

The Indian RBI gave the cryptocurrency investors and traders 3 months of time to stop dealing in cryptocurrencies and warned the Indian banks to stop giving services to any individual or organization which are related to cryptocurrencies.

On 6th of July, the span of 3 months expired, it seems Banks do not seem to follow the instructions given by the RBI.

It's been observed that some of the top Indian exchanges are still functional and the deposits and withdrawals are working absolutely fine.
The list of some exchanges are as follows:

This could be a positive move for the crypto environment in the country.
Also, the investors and the crypto companies are waiting for the coming events:

• The draft made by the RBI for the crypto regulation which will be published on 15th of July 2018.
• The final decision by the supreme court of India on 20th of July 2018.

Hope, this little update will help you to stay positive in the negative crypto environment.

The photos have been taken from www.google.com.