will RBI ban on crypto in INDIA effect international crypto market ?
As we all know RBI reserve bank of india wil not do transactions of crypto from today onwards but there is another hearing on this case which is on 20 july so we have wait for that.
Now the question remains is this scenario will affect international crypto marke. I will say no the reasons are
Indians have already opt different methods like local bitcoins and under the table .
Indians exchanges have already come with p2p transactions which is person to person.
Some of indian exchanges are shifting their business outside india far away from india's juridiction.
The new comers which enter is market only for money is already left crypto market.
Now the indian which are trading crypto are most of them professionals and they will not panic if market go down
So it is good for indian market.
RBI can ban crypto transactions through bank but not crypto.
so what is your view comment below let us know
To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
upvote for me please? https://steemit.com/news/@bible.com/2sysip
upvote for me please? https://steemit.com/news/@bible.com/2sysip
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by rsarun77 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.
Ru
Приветствую. Представляю студию блокчейн-копирайтинга. Предлагаю наши услуги по написанию WhitePaper, созданию видеороликов , написанию уникальных статей и обзоров (в том числе для steemit), переводов. Огромный опыт и большой штат сотрудников. Списко наших услуг и портфолио в нашем телеграм канале или на сайте.
En
Hello everyone! I present to you our blockchain copywriting studio. We propose to you next services: writing WhitePaper, creating videos, , translations, writing unique articles and reviews (Including for steemit). Extensive experience and highly qualified team. List of services and portforlio in our telegram channel or on our website.
@akrblogs I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!
Thank you in advance!
@akrblogs I dont think it will affect that much in the price because majority Indians who are in crypto either have pulled out from the market in FUD or stayed in the market to go for the long run.
What ever maybe the decision, people can't panic sell as the bank ties are already cut off.
What do you think @akrblogs? Is this a possibility?