news

bitcoin

1 X bitcoin bitcoin =

Thursday

09 July 2020

RBI Confirms No Ban on Cryptocurrency Exchanges, Businesses or Traders in India | Regulation Bitcoin News

RBI Confirms No Ban on Cryptocurrency Exchanges, Businesses or Traders in India | Regulation Bitcoin News


smart summary beta

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.

The Reserve Bank of India has confirmed in response to a Right to Information (RTI) request that there is currently no banking ban on the crypto industry.

He asked whether the RBI has “prohibited any banks from providing the bank accounts for crypto exchanges, companies or crypto traders.” The RBI replied on May 22:.

Nonetheless, some banks are reportedly still refusing to open accounts for crypto exchanges, claiming that they are waiting for further instructions from the RBI regarding cryptocurrency.

“Bankers have been saying that they need new RBI circulars mentioning that there are no more restrictions for them to provide bank accounts for crypto businesses,” Harish was quoted by the Economic Times as saying.

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.2)

Image

Litecoin (LTC) Price Analysis: Facing Key Hurdles Near $45
published: 1 month ago
Litecoin price is showing signs of an upside correction against the US Dollar, similar to bitcoin. LTC price must clear the $45.00 hurdle to start a sustained upward move in the near term.

sentiment (-0.3) Negative

Article Metadata

author

site

bitcoin.com
Market data feeds provided by cryptocompare.com
bitsmart 2018