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Just-In: RBI Clarifies Banks Can’t Use 2018 Circular to Deny Customer Transactions

Reserve Bank of India (RBI), the Indian central bank today issued a clarification about recent reports of certain banks using its 2018 circular to caution customers against crypto transactions. RBI said that Banks cannot use the quashed 2018 circular to deny transactions to customers. The official classification read, It has come to our attention through

Reserve Bank of India (RBI), the Indian central bank today issued a clarification about recent reports of certain banks using its 2018 circular to caution customers against crypto transactions. RBI said that Banks cannot use the quashed 2018 circular to deny transactions to customers. The official classification read, It has come to our attention through

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News

Indian Banks are Reportedly Using RBI’s Quashed Circular From 2018 to Warn Users Against Crypto

Indian banks are reportedly citing the 2018 circular issued by the Reserve Bank of India(RBI), the Indian Central Bank, to caution customers against dealing in cryptocurrencies, reported Bloomberg. The said circular prohibited banks from offering any service to crypto exchanges and platforms, but it was quashed by the Supreme Court in March last year. Despite

Indian banks are reportedly citing the 2018 circular issued by the Reserve Bank of India(RBI), the Indian Central Bank, to caution customers against dealing in cryptocurrencies, reported Bloomberg. The said circular prohibited banks from offering any service to crypto exchanges and platforms, but it was quashed by the Supreme Court in March last year. Despite

Bitcoin News
Bitcoin News

Digital Right Lawyer Demands Revoking of CBN’s Crypto Banking Ban

The Digital Rights Lawyers Initiative (DRLI) has filed a case against the Central Bank of Nigeria (CBN) and SEC for imposing a banking ban on cryptocurrencies. The court filing has demanded the judge to stay on the banking ban claiming CBN doesn’t hold the jurisdiction to impose such a ban. The court filing has put

The Digital Rights Lawyers Initiative (DRLI) has filed a case against the Central Bank of Nigeria (CBN) and SEC for imposing a banking ban on cryptocurrencies. The court filing has demanded the judge to stay on the banking ban claiming CBN doesn’t hold the jurisdiction to impose such a ban. The court filing has put