India's largest Bitcoin buying and selling exchange 1 notice broke the Bitcoin in India..
As RBI declared on ban on Bitcoin in a way that after 5th July banks will stop giving services to the Bitcoin exchanges.The exchanges has challenged the RBI decision to the honorable Supreme Court.
As the date is nearby the exchanges had made a great move so that their customers get informed early before the ban.The Zebpay sent notice to each and every customer that they can withdraw their funds as early as possible before the ban.
But for the middle class users it was a tension moment and they started selling their btc and eth in panic and these created a flash crash in the price of Bitcoin and Bitcoin price fall to $5700 and ethereum price too fall to $459.
So India can also effect the Bitcoin in a way as China.As India is the largest democracy.The traders and technology believer's is in the hope that the Supreme Court decision will be in their favour.
Comment your opinion about effect on Bitcoin and RBI unfair decision..