Cryptocurrency Trading to be Disrupted From Tomorrow. Should You Exit or Hold Bitcoins?

in #bitcoin6 years ago

Hello friends today i have news for BITCOIN holders in india.

After ban of Bitcoin in india now supreme cort of india give order to whom which hold Bitcoin to exchange his cryptocurrency. Deadline date is 5/7/2018.

After this no one able to exchange our cryptocurrency in india

The recent spur of events has left investors confused on how to deal with Bitcoins, as cryptocurrency exchanges in India have only one more day to go before their banking services get disrupted affecting the rupee-based cryptocurrency trade. Post the deadline of 5th July you will not be able to withdraw (in INR) even if you have Bitcoins or alternative coins in your wallet. The next date for hearing in the Supreme Court is on 20 July 2018. However, Sandeep Goenka, co-founder of Zebpay, plans to move to the Supreme Court on 5th July to obtain a stay order against RBI circular.

The existing holders of Bitcoin or other cryptocurrencies have two options. Either you can withdraw the entire amount but considering Bitcoin has fallen sharply during last few months the option doesn’t look very feasible especially for those who recently invested in Bitcoin. Those who do not want to withdraw can transfer the virtual coins to a wallet and get it encashed outside India.

So Friends whats you decide. Decide with own mind.

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