Natives use original means to trade bitcoin amid rbi ban – Bitcoints

bitcoin

Published on August 3rd, 2018 | by bitcoin

0

Natives use original means to trade bitcoin amid rbi ban

Regulation

Indian crypto traders have found some creative ways to trade cryptocurrencies, especially bitcoin, to circumvent the crypto banking ban imposed by the country’s central bank.
Japan Confirms Entrance Into the Crypto Space
Money Finds a Way
Following the crypto banking ban by the Reserve Bank of India (RBI) which went into effect last month, Indian traders are finding multiple ways to bypass the ban.
In Dabba trading, brokers do not execute trades on a “system connected with commodity or stock exchange,” the news outlet described.
Cash and P2P Markets
The use of physical cash for crypto trading has also surged since the RBI ban took effect, the news outlet noted.
What do you think of Indians using these methods to bypass RBI’s ban?

Source: News.bitcoin.com

Tags: , , , , , , , , , , , ,



Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Back to Top ↑