Is Bitcoin ban in India? Please see how cryptocurrency players are bypassing RBI order

As the going gets very stressful, cryptocurrency industry is very toughening itself by adapting to the evolving environment. After the denial of Supreme Court (SC) to offer interim relief, virtual currency players have moved to new operating models like peer-to-peer transfers or crypto-to-crypto trading to ensure continuity of their business and offer assurances to their users.

Nischal Shetty, founder and CEO of WazirX, told DNA Money that anticipating the withdrawal of banking services, his exchange had already, begun working on an alternative model for entry and exit from cryptocurrency trading a week back.