Business India's move to take on the crypto ecosystem — what will be its impact on the economy? Updated : July 04, 2019 11:59 AM IST In the last 12 months, multiple exchanges have either shut shop or have ventured abroad to look for revenues. The key reason for the pathetic state of Indian exchanges is the banking ban introduced by the RBI in April 2018. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.