The Reserve Bank of India, the country’s central bank, released a new directive today after local banks ceased crypto services for users citing a directive from 2018, an official filing shows.
“It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies by making a reference to the RBI circular dated April 06, 2018,” the bank stated.
Customer Due Diligence for transactions in Virtual Currencies (VC)https://t.co/iAUAx8KpRh
— ReserveBankOfIndia (@RBI) May 31, 2021
Not in effect
It added that such references to the above circular by banks/ regulated entities were “not in order” after the circular was set aside by the Hon’ble Supreme Court on March 04, 2020.
India has a rather shaky relationship with cryptocurrencies, primarily due to the way its financial structure is governed. The country’s Financial ministry, which oversees all financial innovation in the country, is sugg
Źródło: https://cryptoslate.com/reserve-bank-of-india-slams-banks-after-they-stop-services-for-crypto-users/
