Bitcoin new
By BusinessToday.In Wednesday, July 4, 2018
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The Reserve Bank of India's three-month The Reserve Bank of India's three-month deadline for banks and financial institutions to stop their services to virtual currency investors and crypto-exchanges ends tomorrow. What it means is that after July 5, you cannot buy or sell any of the virtual currencies such as Bitcoin, Ethereum or Ripple through normal banking channels using rupee. All the banks and financial entities after tomorrow will stop operating accounts that are in any way linked to virtual currency trade. So, if you are still invested in Bitcoin or any other cryptocurrencies, it's time to think about the options in front of you:
- Sell and exit
- Stay invested at your own risk
- Wait for peer-to-peer model to kick-in