Blockchain & crypto news from India
On Thursday, the Delhi High Court asked for the reply of the State Bank of India and the Reserve Bank of India on a plea seeking to guide authorities to reverse the ban on the use of UPI platform in dealing and settling funds in the crypto exchange WazirX. A bench of Justice Jyoti Singh…
India’s largest lender, State Bank of India has banned crypto exchanges from receiving funds through its UPI platform and has asked payment processors to disable SBI UPI on their platform also. SBI’s stance came after a slew of banks imposed alike bans on cryptocurrency exchanges over the previous few years. In May, HDFC Bank has…
According to mails sent by prime Indian lenders State Bank of India and HDFC Bank, they have warned their clients against dealing in crypto such as bitcoin. HDFC Bank, in its letter to its customers, told that cryptocurrency dealings aren’t permitted as per Reserve Bank of India’s regulation. The banks have sent mails to specific…