INR Deposits and Withdraws are Live Now! Coindelta Wallet

Will Cryptocurrency Exchanges get banned in India?

As of now, the status of cryptocurrencies in India is unregulated. RBI is a banking regulatory body, but it is not a legislative body. It can set directive regulations for the bodies that come under its defined authority, but cannot control or penalize other businesses or individuals. We are expecting a positive response from the next hearing in the interest of the community as well as the exchanges.