RBI clarifies on cryptocurrency trading, asks banks to do customer due diligence

Zee News Previously, through an email, HDFC Bank and State Bank of India had said that those who are dealing with virtual currencies will face account suspension citing a 2018 circular from the Reserve Bank of India. Notably, the circular was struck down by the Supreme Court in March 2020. https://ift.tt/eA8V8J May 31, 2021 at 08:46PM Previously, through an email, HDFC Bank and State Bank of India had said that those who are dealing with virtual currencies will face account suspension citing a 2018 circular from the Reserve Bank of India. Notably, the circular was struck down by the Supreme Court in March 2020.

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