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Some Indian Banks Are Still ‘Arbitrarily’ Refusing to Process Crypto Transactions

From cointelegraph.com

Earlier this month, India’s Supreme Court delivered its verdict in a landmark case that promised to usher in a bullish era for cryptocurrency in the country. The Court ruled to overturn a circular from the Reserve Bank of India (RBI) — issued back in April 2018 — which had banned banks’ services to all crypto-related firms. Not all banks, however, appear to be complying with the ruling. On March 12, fintech lawyer Mohammed Danish filed a representation with the central bank against the “arbitrary denial” of certain domestic banks to provide services in support of the sale or purchase of crypto assets. Together with ... (full story)

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