The Reserve Bank of India, the country’s central bank, has all but banned cryptocurrency trading nationwide, with the release of its first monetary policy for the financial year. As per a statement from the RBI’s Deputy Governor BP Kanungo at a conference yesterday, the institution is barring regulated entities from providing services to any individual or business that’s buying or selling digital currencies – that includes private banks and digital wallet providers. All regulated banks have three months to comply with the directive. That’s a huge blow to cryptocurrency enthusiasts and traders in the country, which is said to account…
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