The Reserve Bank of India (RBI) has officially ordered all regulated entities to refrain from providing services to any and all businesses involved in the dealing of digital currencies β including of course Bitcoin. Bitcoin Ban The announcement comes via an official press release issued by The Reserve Bank of India (RBI). Unsurprisingly the RBI positions itself as merely looking out for consumers interests while also citing the frequently used claims that cryptocurrencies are simply Read More The post RBI Bans Indias Financial Institutions from Cryptocurrency Related Business Dealings Ulterior Motives at Play? appeared first on Bitcoinist.com. via ICGO https://www.icgo.co.uk/redirect/?url=http://bitcoinist.com/rbi-bans-indias-financial-institutions-cryptocurrency-related-business-dealings-ulterior-motives-play/