May 15, 2021
RBI on cryptocurrency, India's Central Bank cut ties with Crypto market.
RBI on cryptocurrency, India’s Central Bank cut ties with Crypto market.
The Reserve Bank of India (RBI) has reportedly asked banks to break ties with cryptocurrency exchanges and traders informally. Some Indian banks have reduced their exposure to the cryptocurrency industry, while others plan to cease all crypto-related transactions. According to three undisclosed accounts, the Indian central bank has informally advised lenders to “sever relations with…
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