Crypto exchanges in India still struggling to secure banking partners

Crypto exchanges in India still struggling to secure banking partners

India’s crypto exchanges continue to cope with the burden of limited access to banking services. Commercial banks in India are reportedly reluctant to do business with crypto exchanges in the country.According to Reuters on Thursday, crypto trading platforms in India are still finding it difficult to open accounts with financial institutions. While there is no crypto ban in India, banks are reportedly acting on the advice of the Reserve Bank of India (RBI) to shun cryptocurrency exchanges. Back in May, the RBI clarified its position on the matter, stating that there was no prohibition....


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