One more set back for Indian Bitcoin Users

Today Reserve Bank of India (RBI) has directed all the regulated entities including banks, to not provide any services to businesses which deal with Bitcoin or Virtual Currencies.

RBI said that Crypto Currencies increases the risk of consumer protection or money laundering however they liked the technology underlined the Virtual Currencies because that can improve the financial system.

Will it impact the Bitcoin Price further ?

Source : http://www.business-standard.com/article/economy-policy/latest-rbi-diktat-means-your-bank-will-no-longer-allow-you-to-buy-bitcoins-118040500608_1.html