Indian banks and digital wallets have been banned today by the Reserve Bank of India from allowing any transfers and transactions related to cryptocurrencies. So as far as India is concerned, to and fro conversion between fiat and crypto is officially banned now.
There is almost 50% drop in BTC price in Indian exchanges.
This has been my dear throughout. Unfortunate that it has come true.
So how can they stop a DEx?
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They will not stop a dex directly. They will not allow anyone to invest money by stopping fiat conversion. If banks don't allow accounts and cards to buy crypto... What will a DEX do?
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