Is it really true? I didn't read this news on any other website. I guess this is gonna affect Bitcoin even more. Market is already down for a long time.

this is a temporary reaction of the government! I'm sure that now very many countries are opening their doors to the crypto world! on this I am sure that India and other countries will sooner or later open their doors and take bitcoin as a payment system!

Stop spreading FALSE NEWS! Government has given 3 month notice to wind up the business with exchanges and the exchanges are already taking a legal route since there is a separate committee that has been set up by the Indian Government to look into this issue. I think it would take another 6 months to have a clear news on this topic and banning crypto trading altogether would be very negative. I am sure the government would re evaluate their decision. To know more about it, search about Ajeet Khurana on Google. He is the CEO of Zebpay and is heading this blockchain committee.

I think the Banks are stopping Crypto related dealing, that doesn’t mean ban on Crypto. Exchanges are totally fine. Banks are never gonna be friendly to Crypto. It’s not a news that should cause panic, to my sense.

I think it’s very easy for everyone to misinterpret every thing and that the same people did with the statement of Reserve bank of India. By banning bitcoin in the country they doesn’t mean that people in India cannot own bitcoin their statement was people of India have to withdraw their money from all the Indian sites that they invested into bitcoin as they cannot stop people from using bitcoin as bitcoin is a decentralised crypto currency and its individual right to own bitcoin , people can buy can buy bitcoins from international exchanges.

Panic is just a temporary incident and I'm sure this will never be long, what happens with it is a common thing, even a great event never happened when china banned bitcoin and made the price drop 40% in a week but can recovery again even skyrocketed.