Bitcoin and Altcoins Not Banned in India, RBI Says
India is not banning cryptocurrencies RBI provides clarification regarding its RBI’s 2018 order Bitcoin and other cryptocurrencies are not banned in the country of India. This announcement was made clear by the Reserve Bank of India (RBI) recently. Specifically, the RBI states the financial institution must not use the RBI’s 2018 order to halt crypto bank transactions. As a result, the crypto community in the country rejoices as they welcome this piece of great news. RBI explains: “It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in virtual currencies
