Reserve Bank of India's (RBI) deadline given to banks to snap the ties with entities that deal with cryptocurrencies finally ends today. Exactly three months ago, India's central bank had instructed the banks to end the relations (if any) with cryptocurrency-driven companies. The RBI released the circular on April 6 that was challenged in the Delhi High Court, which initially refused to grant an injunction. Even the Supreme Courtdeclined to issue a stay order on July 3. The matter is still before the Supreme Court that will hear the matter on July 20. Ever since the ban was imposed, there was sentiment that the cryptocurrency market will survive the RBI ban.
After the RBI ban: The way forward
Dear members,
The market is good right now as Btc did a nice movement and looks strong From 5 days. We have seeing some good opportunities to pump no other groups involved in our pump to prevent admins dumping on us that mean we will do pump alone so no prepump problem you will face for sure. Our pump strategy is buy and hodl to attract fomo's and other people's by following this strategy you can earn maximum profit from our pumps. We will give you coin info which have 2x to 4x potential in 1-2 months. Our next pump scheduled on 5th of July.
Date: 05-07-2018
Time: 15 GMT (3 PM GMT)
Exchange: BINANCE
Advantage: The pump will be Free-For-All (FFA)
Ahead of the crackdown, some exchanges, such as International Digital Asset Platform (IDAP) and BuyUCoin, have even planned to shift the base abroad in a bid to evade the regulatory crackdown. Once the RBI's prohibition on commercial banks' involvement in cryptocurrencies takes effect, most trading is likely to move to peer-to-peer networks or social applications such as Telegram, according to retail investors, Thomson Reuters reported. Despite the crackdown, there is a perception that the industry will survive the cryptocurrency ban.
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Stay tuned guys for new positive news is coming
