RBI proves to be a Blessing in Disguise for the Indian Crypto Market
May 31, 2021
Reserve Bank of India proved to be a blessing in disguise for the Indian crypto market by issuing an official notice on Monday concerning that local banks are reportedly warning clients against adopting cryptocurrencies.
The RBI said that it had been brought to their notice by a few media reports that banks have forewarned their clients from managing digital currencies by referencing a circular issued by the banking regulator on April 6, 2018. And in response RBI further added,
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