will RBI ban on crypto in INDIA effect international crypto market ?
As we all know RBI reserve bank of india wil not do transactions of crypto from today onwards but there is another hearing on this case which is on 20 july so we have wait for that.
Now the question remains is this scenario will affect international crypto marke. I will say no the reasons are
Indians have already opt different methods like local bitcoins and under the table .
Indians exchanges have already come with p2p transactions which is person to person.
Some of indian exchanges are shifting their business outside india far away from india's juridiction.
The new comers which enter is market only for money is already left crypto market.
Now the indian which are trading crypto are most of them professionals and they will not panic if market go down
So it is good for indian market.
RBI can ban crypto transactions through bank but not crypto.
so what is your view comment below let us know