Notwithstanding the Bitcoin hype, the cryptocurrency, having called the GOAT currency by many, has been performing as Messi in the FIFA world cup.

And, as the entire world is under the world cup fever, similar to the soccer teams, where the individual performances: be it Messi or someone else are complementary in nature, there has been a series of developments across the world which forced Bitcoin to lay low for the time being.

As RBI’s ‘crypto’ circular will be fully effective from July 5. Due to this, the Indian cryptocurrency traders will find it hard to continue the trade despite having few choices likely remain available even after that.

It’s not only a matter of India but in many countries across the world. As per reports, a Bitcoin broker Eircoin has now accused Banking and Payments Federation of Ireland of discriminating against the accounts of crypto-related companies. Eircoin’s co-founder Dave Fleming claimed that the company was closed “due to a negligent and defensive banking system” on false and ungrounded accusations of illegal activities.

In other news, the Syscoin project team announced on the official Github page that the project’s official client had faced a malicious trojan attack (windows).

India aside, as popular singer Akon launches his own cryptocurrency called Akoin, there are a lot more interesting developments for the cryptocurrency enthusiasts to track this week. Take a look!

India: The Major Roadblock Ahead
Indian Central Bank, the Reserve Bank of India’s (RBI) crypto circular, dated April 6 which had given the payment companies and banks, a 3-month window to end their dealings with all the cryptocurrency entities will come to an end on July 5.

As a result, it will be almost impossible for a cryptocurrency exchange, wallet to provide Rupee-to-cryptocurrency transfers and vice versa. And, the Indian crypto community is still not very excited with the crypto-to-crypto tradings.