As the Reserve Bank of India (RBI) bans banks from providing services to the digital currency business, traders are increasingly trading on peer-to-peer (P2P) platforms. The data shows that the Indian Rupee (INR) and Bitcoin transactions have increased from April 7 to August 18, when the Bank of India issued a notice. The volume of INR transactions increased by 25% from Rs. 68 million ($974,561) to Rs. 85 million ($1218,201). Bitcoin transaction volume increased from 150 to 184 bitcoin, an increase of 23%.
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