RBI has given the deadline to indian banks to complete the all transaction before the 5 july. After the 5 july their will no any transaction allowed to any banks with entities that deals with bitcoin and cryptocurrency .
The internet and mobile association of india had filed petition in the supreme court against the RBI move to ban banks and financial institutions from providing the dealing in cryptocurrencies. But today supreme court refused that appeal against RBI's .
As the banks doesn't deal with crypto exchanges in india then the p2p trading can be done . That is person to person trading (traditional method) . If one want to buy a bitcoin and one want to sell in between them the trading can done. Because bitcoin is not ban in india as per RBI's circular. Only banks restricted to deal with cryto exchanges.
What you thing on 5 july can we will see a dip in bitcoin price in india ? comment you opinion.
✅ @sachinaybhujbal, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!
Thank you in advance!
done bro