The banks are citing the 2018-rule from the Reserve Bank of India (RBI) that doesn’t permit banks to indulge in crypto exchanges. A number of users have reported the same on Twitter. Account-holders in India’s largest banking institution – HDFC Bank – tweeted that they have received cautionary emails referring to crypto transactions from their account.
Indian Banks Send Advisory to Customers to Follow RBI guidelines and Refrain from Crypto Transactions
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30 May 2021 17:06, UTC