Friday, April 6, 2018

India slams the brakes on cryptocurrency trading


The Reserve Bank of India, the country’s central bank, has all but banned cryptocurrency trading nationwide, with the release of its first monetary policy for the financial year. As per a statement from the RBI’s Deputy Governor BP Kanungo at a conference yesterday, the institution is barring regulated entities from providing services to any individual or business that’s buying or selling digital currencies – that includes private banks and digital wallet providers. All regulated banks have three months to comply with the directive. That’s a huge blow to cryptocurrency enthusiasts and traders in the country, which is said to account…

This story continues at The Next Web

No comments: