RBI: No Ban On Cryptocurrency Exchanges, Businesses Or Traders In India
The RBI (Reserve Bank of India) confirms a Right to Information request that there is currently no banking ban on the crypto industry in India:
RBI Confirms No Ban on Cryptocurrency Exchanges, Businesses or Traders in India
India’s central bank, the Reserve Bank of India (RBI), has confirmed that there is no longer any banking ban on crypto exchanges, companies, or traders. This follows the supreme court decision to quash the RBI circular prohibiting banks from providing services to any customers dealing in cryptocurrencies. The ban lasted for almost two years.