Top banks suspend accounts of major Bitcoin exchanges in India

in #india • 6 years ago

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Top lenders including State Bank of India, Axis Bank, HDFC Bank, ICICI Bank and Yes Bank have suspended some accounts of major Bitcoin exchanges in India, suspecting dubious transactions.

Action has been initiated against the top 10 Bitcoin exchanges including Zebpay, Unocoin, CoinSecure and BtcxIndia.

The Bitcoin exchanges have multiple accounts with various banks.

Although India hasn't banned Bitcoins, the cryptocurrency is largely unregulated.

#bitcoin #banks #regulation #exchanges
6 years ago in #india by
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