"This seems to be a very aggressive move," said technology law expert Namita Viswanath, a principal associate at IndusLaw. "Instead of the RBI taking a holistic approach and seeing how to curb potential misuse, it seems to be a rather broad-stroke approach of completely prohibiting this altogether. "Most of these people are already sitting on capital losses," he said. You can't transact with it. If you transact with it, your bank accounts are going to be shut."

Source: Economic Times April 07, 2018 08:15 UTC