Daily trading volumes on Indian cryptocurrency exchange Coinsecure has decreased from 300-400 BTC, which was observed at the end of 2017, to only 30-40 BTC at the moment, writes portal ccn.com.
Although the Reserve Bank of India openly do not forbid financial institutions of the country adhere to the indeterminate approach, stifling trading activity in the state, limiting access to exchanges to the accounts for several days.
As a consequence of freezing the banks accounts of the exchanges, affects the trading volume. It is also reported that BTCXIndia and ETHEX India ceased operations, until, until you see a clearer picture of what is happening.
Such a behavior of banks and regulators can backfire, as investors instead are moving to using cash for transactions with bitcoin, that will definitely complicate the regulatory process, which, apparently, are so eager regulators.
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