India Crypto Ban: Bitcoin and Cryptocurrencies Purchases via Banks Halted

India Crypto Ban: Bitcoin and Cryptocurrencies Purchases via Banks Halted

India Crypto Ban: Bitcoin and Cryptocurrencies Purchases via Banks Halted

India Crypto Ban

Announced today by the Economic Times in India, its country’s residents will no longer be able to purchase Bitcoin (BTC) or any other cryptocurrencies via their bank. The Reserve Bank of India (RBI) has just put out its first bi-monthly monetary report which announced that any entity that is regulated by them should not provide services to any individual or business buying or selling digital currencies.

Abizer Diwanji, Head of Financial Services at EY India, announced in a statement, “A person will not be able to transfer money from his savings account to his crypto wallet.”  …

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