India’s Central Bank Bans Financial Entities From Dealing With Cryptocurrencies

India’s Central Bank Bans Financial Entities From Dealing With Cryptocurrencies
The Reserve Bank of India (RBI), the country’s central bank, has barred banks and financial institutions from providing services to any individual or business dealing in cryptocurrencies.

“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to any individual or business entities dealing with or settling VCs (virtual currencies),” the RBI said in a statement. “Regulated entities which already provide such services shall exit the relationship withi ...
Read more about "India’s Central Bank Bans Financial Entities From Dealing With Cryptocurrencies" on coinatory.com

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