Indian Banks Act Slow to Accept Crypto Industry Despite RBI’s Approval
Indian banks are reluctant to work with crypto firms, even though RBI clears the air. The repeal of a blanket ban on cryptocurrencies in March by India’s central bank, the Reserve Bank of India, has been a boon to the thriving crypto industry in India — with the launch of new exchanges being a catalyst. This is despite the country being one of the most severely affected nations by the COVID-19 pandemic, which has led to a deepening economic crisis across the nation.
Coin Telegraph - 27th Jun 07:06