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Indian Bank Forcing Customers to Agree to Anti-Cryptocurrency Policy

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An Indian bank is reportedly forcing customers to agree that they “will not deal with any transactions related to cryptocurrency including bitcoins” when signing up for an account. In addition, there are reports of banks blocking accounts of their existing customers if they are found to have made crypto-related transactions.

Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations

Account Opening Agreement

Amid banking restrictions imposed by India’s central bank, the Reserve Bank of India (RBI), a major bank in the country, is reportedly asking customers to declare that they will not deal with any cryptocurrency ...

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