Thursday 29 July 2021
RBI says banks can’t use its 2018 crypto-ban order to caution customers

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RBI says banks can’t use its 2018 crypto-ban order to caution customers

timestampJun 01, 2021 authorAlShorts Web Desk

Reserve Bank of India said banks cannot refer to its April 2018 circular, struck down by Supreme Court in 2020, to caution customers about trading in cryptocurrencies. In recent weeks, several lenders, including HDFC Bank and State Bank of India, had officially flagged transactions relating to cryptocurrency purchase. Indian authorities have repeatedly expressed concern that crypto assets could be criminal activity.

Latest News

India on UK's red list; no quarantine for vaccinated EU & US travellers

Australian athletes in isolation as American pole vaulter contract COVID-19

Abu Dhabi announces AED3000 fine for breaching sterilisation hour rules

Flights from India, Pakistan to UAE remain suspended till 31 July

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