The State Bank of India, the largest public bank in India, has stopped the payments made by its clients to crypto exchanges in yet another crackdown by the banks in India on crypto. Though the official stance of the Reserve Bank of India continues to be a wait-and-watch policy as far as cryptocurrencies are concerned with a law being expected on this issue within the next few months, the banks themselves have been slowly and steadily throttling the sector over the last few months. Though no specific reason for the same has been given, it is generally believed that the RBI and the government generally do not have a ... (full story)