India’s Central Bank, the Reserve Bank of India (RBI) made a big move in the ongoing global regulatory push on cryptocurrencies as it decided to no longer provide services to any person or business that deals with cryptocurrencies.
This decision followed confrontation between banks and Bitcoiners, and also came off the back of the Indian government claiming that “Bitcoin is a ‘ponzi scheme”, and that it lacks intrinsic value.
the Indian government also announced that they would support blockchain and even look into potentially launching their own cryptocurrency.
India’s relationship with Bitcoin is rocky at best, but also confusing and convoluted, and well worth examining as so much has happened in just the past few months.
I don't know in future what going on in India
