I have read that Paytm is blocking the bank accounts related to crypto trading. There is no particular bill or rule on the basis of which they are taking such actions. They are working according to their own interests and regulations. So I think it is high time for government to come out with a decision regarding the legal status of Cryptocurrencies so that the people and even banks can be clear about their usage.
Not really, still thousands of people uses Paytm bank account on LBC for trading purpose, they only block the bank accounts which receives money from hacked paytm account and vice versa.They can't literally block for no reasons since Supreme court clearly mentioned that Indians are free to use their bank account for crypto related activities earlier this year.