The Deputy Governor of RBI, BP Kanungo, just announced officially that all the services dealing with cryptocurrencies will be banned with immediate effect. So essentially none of the entities regulated by RBI would be able to provide services related to cryptocurrencies to customers.
Read the full article here: https://coinfrenzy.io/indian-banks-ban-cryptocurrencies/
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I don't believe in any news about cryptocurrencies ban. I haven't read even the novelty in this thread about. Who can imagine that such country like India abstain its economy of cryptocurrency industry. They can do something but just then to regulate