Indian crypto market is now strugling with deficiency of banking service for crypto to fiat trading. While most crypto exchanges and traders are looking for alternative mode to interact with cryptocurrency like crypto-to-crypto trading and peer-to-peer exchange, John McAfee who is a Software developer, founder of McAfee, CEO of MGT Capital Investments Inc. reacted upon RBI’s ban and urges crypto community to boycott all financial institution dealing with RBI.
The Reserve Bank of India (RBI) initiated this atrocity out of fear and won through the existing centralized power structure. I'm calling for a boycott of any financial institution that does business with RBI. We must stand together and act.https://t.co/jNLXKfDeeJ
— John McAfee (@officialmcafee) July 5, 2018
Number of case field on Supreme Court to act against RBI’s support withdraw on crypto trading institution. Since 6th July all financial institute withdraw their support from crypto instituations but SC didn’t grant stay upon the declaration which made offset to all crypto traders and it is also directly affected the market price value of each cryptocurrency.