News From Press Relief for investors as RBI clarifies on banks' warning to crypto-dealing clients

Relief for investors as RBI clarifies on banks' warning to crypto-dealing clients

Recently, several large private and public sector lenders have cited the RBI’s 2018 notice to caution customers from dealing in digital currencies.

The Economic Times Jun 1, 2021

The cryptocurrency investment community breathed a huge sigh of relief on Monday after the Reserve Bank of India made its stance clear on the recent moves by lenders of denying services to clients dealing in virtual currencies. The RBI said that it has been brought to its notice via several media reports that banks have cautioned their customers from dealing in cryptocurrencies by making a reference to a circular issued by the banking regulator on April 6, 2018.

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