Two Days Left for The Hearing of RBI Ban on Crypto Services.

in rbi •  7 months ago

Hi steemit friends,

All the Indian crypto lovers are eagerly waiting for the hearing of the Supreme Court on September 11. All the petitions are related to the crypto banking ban by the Reserve Bank of India. The central bank imposed the ban on banks on April 6, and from this date, all the banks are not supporting the crypto-related exchanges for depositing and withdrawal.

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According to the ban, all the crypto exchanges like Zebpay, Wazrix, Instashift, and Coindcx are already taken steps peer-to-peer (P2P) trading. This new method P2P using the platform is day by day increasing on these exchanges. Wazrix CEO says that “the users who are holding coins are doing P2P transactions increasing rapidly”.

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All the exchanges are ready to respond to the Apex Court. If the hearing is positive, they will activate depositing and withdrawal immediately. If it is negative, then they will continue P2P trading.

So, everyone is waiting for the hearing of the Supreme Court on September 11. We will hopefully get good news over here.

Comment your expectation on the hearing of the Supreme Court in the comment sections.

Thank you,

Ramanjaneyulu Kanike @ramanjan-kanike

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