Indian Banks Act Slow to Accept Crypto Industry Despite RBI’s Approval
Cointelegraph
Published Jun 27, 2020 03:16AM ET
Updated Jun 28, 2020 05:40AM ET
The repeal of a blanket ban on cryptocurrencies in March by India’s central bank, the Reserve Bank of India, has been a boon to the thriving crypto industry in India — with the launch of new exchanges being a catalyst.
This is despite the country being one of the most severely affected nations by the COVID-19 pandemic, which has led to a deepening economic crisis across the nation. For investors and fintech innovators alike, cryptocurrency and blockchain technology have proven to be a much-needed respite in these challenging times.
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Written By: Cointelegraph
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