Indian banks resumed servicing cryptocurrency companies and traders

The leading banks of India have opened for customers the opportunity to use their bank accounts to buy digital currencies, and also resumed service of cryptocurrency exchanges.

As reports The Economic Times with reference to the source, Familiar with the situation, The largest banks India, Including State Bank of India, ICICI Bank, HDFC Bank и Yes Bank, again began to serve cryptocurrency traders and investors, as well as cryptocurrency companies, Including exchanges. The founder and General Director of the Bitbns exchange in Bangalore Garavra Dahaka (Gaurav dahake) said:

“Earlier, banks showed caution even after, How in March the Supreme Court of India canceled the ban on the Central Bank for servicing cryptocurrency companies. But over time and rising BTC prices, much more customers began to demand from them to open an account, cryptocurrency, And the banks began to meet them ".

CoindCX CENTRAL Director General of Cryptocurrency Exchange in Mumbai Sumit Gupta (Sumit Gupta) confirmed, that his exchange is cooperating with several banking partners to create and develop business services since then, How the Supreme Court canceled the ban of the Central Bank.

General Director of the Cryptocurrency Exchange Wazirx niche Shetti (Nischal Shetty) reported, that banks began to turn to cryptocurrency companies and offer them working capital or other financial services. However, an employee of one of the banks, Wanted to maintain anonymity, said The Economic Times, that his bank is still wary of cryptocurrency exchanges and so far serves only a few selected companies.

Recall, that in the summer local blockchain experts distributed a bill on social networks, which presumably imposes a ban on the use of cryptocurrencies in India.