Indian Crypto lovers worry about RBI stand.

Indian Crypto lovers worry about RBI stand.

it's a big why? About cryptocurrency in India.

This is the world of cryptocurrency and Bitcoin. Most of the people trading and earning money from it but Indian government doesn't have their own stand about it. Whether they will say yes or no to it. On the other hand Subhash Chandra Garg (the head of the recently formed government run crypto panel ) saying that they will work on framework of cryptocurrencies and they will regulated it.

At the same time Indian Central Bank RBI has said to their branches not to give services to cryptocurrency exchange. cryptocurrency are not able to deposit INR. Worldwide banks are very scared of the effect of Bitcoin and cryptocurrency hike. Indian government banks are already in loss that's why they are more scared about cryptocurrency.

All crypto lovers are waiting for the results of hearing of Supreme Court on 20th July, what will be the result given by the Supreme Court? As the politicians and ministers of India are talking about the regulating the framework of cryptocurrency, may be the result of Supreme Court could be "POSITIVE". But some expertise think that government could not declare anything about cryptocurrency because of 2019 Lok Sabha elections. Up to that time they will postpone the dates of hearing of final decision.

Indian crypto lovers are very confused need help and suggesions.