Last week, the Reserve Bank of India (RBI) asked banks not to cite its 2018 order as a reason for denying services to customers who deal in cryptocurrencies. After this, both the cryptocurrency industry and investors heaved a sigh of relief.
It appears that India may not emulate China and deny the industry access to banking services. Perilous existence Cryptocurrency exchanges in India have lived under the threat of closure for many years. First, the central bank issued a circular in April 2018 banning banks and other entities regulated by it from providing services to the ...
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