Express
Banks Are Already Cracking Down on Crypto, Indian Traders Say
Summary: India hasn’t formally banned cryptocurrencies, but the country’s banks appear to be cracking down on crypto and exchanges. Indian crypto exchanges are struggling to keep fiat coming in as banks are halting transfers to crypto-related accounts, according to members of the local crypto community. Crypto traders also are receiving notifications from banks asking about crypto-related ...
India hasn’t formally banned cryptocurrencies, but the country’s banks appear to be cracking down on crypto and exchanges.
Indian crypto exchanges are struggling to keep fiat coming in as banks are halting transfers to crypto-related accounts, according to members of the local crypto community. Crypto traders also are receiving notifications from banks asking about crypto-related transactions and warning their accounts may be closed, they said.
By Amy Liu
Tags: Bank,Crypto,Indian
Link: Banks Are Already Cracking Down on Crypto, Indian Traders Say [Copy]
