Today, some of the cryptocurrency players are actively collaborating with global banks and are enabling real-time, cross-border settlements, which is a time-consuming task otherwise
Since 2008, everyone has been frantically engaged in the exploration of blockchain-based applications, beyond cryptocurrencies to solve real-world problems. Enroute to their discoveries, however, are some twists that need to be untangled.
While there are many options for investors to trade in virtual currencies like peer-to-peer, crypto-to-crypto, crypto-to-cash, offshore exchanges and use of international bank accounts, panic has no room to play.
As of now, the banks are still supporting the deposits and withdrawals and this may exist for next 3 months before the RBI guidelines come into effect.