As per RBI guidelines to the cryptocurrecy exchanges in India to stop INR-crypto transaction has come to in effect and all major exchanges in India have stopped INR deposits and withdrawals . So the only way the investors can do now is crypto-crypto trading . Unless and until a solution doesn't come in the form of INR than there is a huge chances of protests around the country. Although most of the people are unaware or unknown to the cryptocurrency 'phenomenon' , the active investors mainly those newbies are really getting panic on behalf of this situation.
At this moment the if the rolling govt fails to bring a correct step , the entire country will face an uncomfortable situation in future growth of a sound economy. Digital India concept was good but is not good at all now without the adoption of cryptocurrency. Banning crypto to INR transactions will put a blanket in the future of current technology.
If the ban is due to the fear of money laundering and illegal activities, then it is worthless as those resposible for these illegal activities are already doing their part in other fields also. So a humble request to the govt not to take blind decisions ,as it could result more damage to the entire technology developments.
I am here going to post a screenshot of the news published by different media.
