Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => XRP - Ripple Forum => Other Popular Cryptos / Coins => Ripple News & Updates => Topic started by: sirty143 on August 03, 2018, 06:09:23 PM
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The Reserve Bank of India (RBI) has established regulations that mean cryptocurrency trading in India is essentially banned. This ban is now a part of a larger case that is currently being passed around the courts. There’s a chance the regulations could be overturned, but, regardless of this, cryptocurrencies are banned and the country is currently in limbo regarding the whole matter.
Regardless of this, according to new reports, Ripple is cementing a position within India that could see the adoption of both Ripple technologies and XRP in the future, assuming of course that cryptocurrencies are given a little bit of leeway by the RBI in the future.
More here, https://cryptodaily.co.uk/2018/08/crypto-might-be-banned-in-india-but-its-not-stopping-ripple-from-taking-over/