hello everyone.
according to various surces .india's supreme court has refused to extend a grace period allowing cryptocurrency
entities to keep banking service beyond this week's deadline set by the central bank.
EXCHANGES GO P2P
according to various sources, the Resrve bank of india will now succeed in implementing it's ban on cryptocurrency buisness support on july 5
Exchanges and any other buisness dealing in crypto currencywill no longer have acess to banking services under the ban, meaning traders will be barred from withdrawing rupees via thoes biusnesses. local industry players had widely anticipated the dealing coming into effect,warning customers in advance of the potential funds to remain in crypto currency .
now talk turning to p2p as an interim solution, indian exchange "Wazirx" telling "Enomic times" Tuesday it would transform it's platform to do away with reliance on banking partners.
p2p faciliates direct crypto-to-fiat trading between individual users, with any bank transfers occuring from one private account to another without any formal links to cryptocurrency.
HOPE WE GET BETTER SOLUTION