The Reserve Bank of India explains that there is no ban on banks lending bank accounts for the cryptocurrency traders. In a Right to Information (RTI) question raised by Unocoin co-founder Harish Bv, According to a report by Cointelegraph, the central bank explains that there is no ban. Feedback to RTI query documented on April 25, On May 22 RBI declared that “As on date, no such prohibition ... We all know this fact that crypto trading was banned by RBI back in 2018 but recently few months back, this BAN was lifted and crypto trading... The RBI had given the banking sector a three-month period to stop any kind of involvement in cryptocurrency transactions. Cryptocurrency exchanges, startups and industry bodies led by Internet and Mobile Association of India (IMAI) had challenged the cryptocurrency ban in the Supreme Court. Crypto trading took a huge hit when RBI banned crypto-related payments in April 2018. Banks stopped providing services to exchanges, preventing them from banking transfers in the Indian rupee. The Reserve Bank of India (RBI) is reportedly seeking to file a review petition challenging the supreme court verdict which lifted its banking ban on the crypto industry. ... but crypto trading ...
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Hello, crypto friends! We know how difficult it can be sometimes to search 100’s of websites to search for news. But you don’t have to worry about that, especially to get your dose of crypto ... RBI Set to Challenge Crypto Ban Reversal - All you need to know - Telugu - Duration: 8:30. ... CRYPTO & FOREX TRADING TIPS 215 views. 4:58. Language: English Location: United States The panelists answer questions about possible RBI guidelines around crypto trading in India. Supreme Court judgement on RBI vs Crypto passed in favour of Crypto ... Disclaimer: There is risk involved in trading, mining, lending and investing in cryptocurrency. I do not take any ... RBI annual Repost on Cryptocurrency. Rbi and Government working on cryptocurrency regulations and soon legalise with some rules and regulations.