crypto Players still full of confidence under the Stressful policy

With the Indian central bank’s order, the cryptocurrency industry has been severely impacted, and banks have closed all accounts related to Bitcoin and other cryptocurrencies, including investor accounts. This has led to a sharp drop in the volume of cryptocurrency, which is good for the Indian government to rectify the macroeconomic market; but it is a heavy blow for most players who hold cryptocurrencies and exchanges.
The release of this policy has led to an overall depreciation of the encryption market. The most important thing is that the intended customers or new users are afraid to enter the cryptocurrency line because there are too many concerns.
However, even under such high pressure, the exchange of Indian cryptocurrencies quickly adapts and reacts. Since the bank no longer provides transactions related to cryptocurrency, it even freezes the account. The exchange has begun to look for new trading methods to make a good response to the policies issued by the current central bank.
After the central bank’s policy was promulgated, it was reported that the Supreme Court (fc) would provide corresponding relief. But the exchange of cryptocurrencies is denied by the player. After this, actively explore new trading methods for new trading methods and operations. This is the point-to-point payment method. According to this statement, this method will break the previous restrictions on trading by banking institutions and get rid of the restrictions of the Reserve Bank of India (RBI).

Specific operational philosophy:
This peer-to-peer trading model does not require a bank account. Instead, a cash transaction between the buyer and the seller is carried out, and the exchange is responsible for transferring the cryptocurrency industry of the buyer and the seller. Use the sophisticated payment interface (FT UPI) to transfer cash directly to the seller. Once the buyer completes the cash transfer and the seller does receive it, the exchange also receives the buyer’s money, then the cryptocurrency exchange transfers the cryptocurrency to the buyer’s WazirX wallet. This is also the responsibility of the secret currency exchange.
There is also a transaction method in which the buyer and the seller do not need to pay cash, but realize the currency transaction, that is, use one cryptocurrency to trade another cryptocurrency.
These two trading methods are still very useful for the current macro environment, but the transaction time is not as good as the bank.
Although an alternative approach has been found, in this environment, transactions that are not conducted through formal banking procedures may result in fraudulent disclosure of the wallet password, which in turn leads to user losses.
In view of the current attitude of the Indian government, the exchange will also appear to be overwhelmed. When the government does not give a clear attitude, the exchange will not be closed for the time being. And the exchange will have an expectation for the Indian government’s attitude toward cryptocurrencies in the future.
According to the exchange, the cryptocurrency is only an initial stage. Once this stage is passed, the cryptocurrency will achieve greater scale and higher growth.
But the value of cryptocurrencies in India has reached hundreds of millions. The exchange believes that the government should not ignore hundreds of millions of assets and is already part of the economy. If this situation is ignored in India, it will develop in other regions. Whether it is developed in a legal or illegal manner. If this economic situation is banned, it may appear in other situations, so the best attitude is: the government should face it squarely.
Once the government does not pay attention to it, it may be encrypted and used by criminals. And the emphasis on cryptocurrencies can also bring good fiscal revenue to the government.
Therefore, the attitude of the Indian government and the central bank to the cryptocurrency is only temporary and severe, and there may be unlimited possibilities in the later period.
More cryptocurrency details, attention: citicoin.com
Below is the transaction details of some of the website’s cryptocurrencies today (Eastern Time: 5/7/2018, 23:23):
1.Elastic
Elastic token is the XEL, and its ranking in the cryptocurrency is 392. As of now, the price has decline by 6.07%. The current market value is: 12,684,605 USD, the XEL to USD is: 0.138363USD, the redemption price for the BTC is: 0.00002160, and the transaction volume in the 24 hours is:220,367USD.
2.CasinoCoin
CasinoCoin token is the CSC, and its ranking in the cryptocurrency is 362. As of now, the price has decline by 23.31%. The current market value is: 14,848,395 USD, the CSC to USD is: 0.000413 USD, the CasinoCoin price is: 0.00000006BTC, and the transaction volume in the 24 hours is:9,176USD.
3.Bankex
Bankex token is the BKX, and its ranking in the cryptocurrency is 373. As of now, the price has decline by 2.99%. The current market value is: 13,927,285 USD, the BKX to USD is: 0.188291 USD, the Bankex to BTC is: 0.00002893, and the transaction volume in the 24 hours is:531,606USD.
4.PotCoin
PotCoin token is the POT, and its ranking in the cryptocurrency is 410. As of now, the price has decline by 8.24%. The current market value is: 11,333,596 USD, the POT to USD is: 0.051464 USD, the PotCoin BTC price is: 0.00000791, and the transaction volume in the 24 hours is:25,254USD.

5.ECC
ECC token is the ECC, and its ranking in the cryptocurrency is 341. As of now, the price has decline by -0.44%. The current market value is: 16,277,550 USD, the ECC to USD is: 0.000651 USD, the redemption price for the BTC is: 0.00000010, and the transaction volume in the 24 hours is:2,842USD.