Bitcoin Ban RBI Fails To Burst Crypto Bubble

A day after the reserve bank of India’s Crypto currency ban came into play, exchanges have announced a peer-to-peer model to elude the ban and to continue the digital currency trade. The RBI had directed all the banks to stop dealing with anyone who deals with virtual currency and the deadline ended on July 5. But some crypto currency exchanges had started working on new operating models like the p2p system to facilitate the trade without using normal banking channels.

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