There may be huge change in the price of bitcoin and other crypto currency tomorrow due to following reason.
India’s central bank,THE RBI ( Reserve Bank of India ) issued a circular that mandates all banks and other financial institutions under its control to stop servicing the companies who dealing in cryptocurrencies by July 5, 2018.
Following the circular, industry participants petitioned the Supreme Court, challenging the RBI ban.
The Supreme Court of India originally scheduled the hearing date to July 20.
But reportedly decided to move that hearing date to July 3,2018.
In the meantime, all cryptocurrency exchanges in India are actively preparing to lose access to banking services.
One of the India's leading cryptocurrency exchange Zebpay informed their customers that fiat deposits and withdrawals are likely to cease following the ban, Zebpay advised them to make any necessary withdrawals .
There are about 5 million cryptocurrency user in India among which 3 millions are zebpay user as zebpay claims.
Because of this announcement, all cryptosystems listed on the exchange experienced spikes in their trading volume as sell orders piled up.
After the decision of Supreme court of India we may see fall of crypto price tomorrow onward.
Are yo sure? I just saw the bitcoin price more beautiful right now
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
There is possibility OF downfall if supreme court give judgement in favour of RBI.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit