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The order of the Central Bank of India so that the financial entities of this nation do not work with cryptocurrencies which came into effect this Friday July 6, did not have the effects on the operators of this nation, who have already found alternatives to avoid the decision of the Indian issuer.
According to a DNA India report, new models such as person-to-person transfers ensure business continuity and customer trust. Nischal Shetty, founder and CEO of WazirX, explained that the new system put in place since last week does not require the intermediation of a bank for transfers and at the same time guarantees the reliability of operations.
3 months ago, the Central Bank of India had issued an order under which, within a maximum period of three months, completed this Friday July 6, the nation's financial entities should not participate in transactions involving cryptocurrencies. At that time, the market panicked with a 30% decline in average transactions, but the entry into force of the measure has found a market with options for users.
For his part, John McAffe a well-known activist for cryptoactives, urged his account on the Twitter social network that the crypto community are acting together against the Central Bank of India, through a boycott of financial entities working with the Indian Issuer
The Reserve Bank of India (RBI) started this atrocity out of fear and won through the existing centralized power structure. I'm calling for a boycott of any financial institution that does business with RBI. We must stand together and act.https: //t.co/jNLXKfDeeJ
– John McAfee (@officialmcafee) July 5, 2018
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