It seems the cryptocurrency situation in India is not evolving in a favorable direction. The country’s government has made it clear it plans to regulate cryptocurrencies and digital assets. For now, it remains unclear what that will entail exactly, although it probably won’t be positive. Indian banks, on the other hand, are continuing to squeeze cryptocurrency users. Citibank India is the latest company to do so, which is pretty worrisome for anyone in the country with an interest in Bitcoin. Citibank India Joins a Growing List of Anti-Bitcoin Banks No one will deny the cryptocurrency industry has sparked much debate. Not all of these discussions willPowered by WPeMatico
Citibank India notified debit card and credit card clients via email on the 13:th of February they would no longer be able to participate in cryptocurrencies such as bitcoin. Citing regional and global concerns from regulators, the over a century old institution is following a growing number of traditional banks in cutting off access to […]