Indian banks are at it once again.
“Confusion in India’s banking industry is hurting 1.5 CRORE Indians in Crypto. The Honourable Supreme Court of India has set aside the RBI crypto circular (to ban crypto) of 2018. Banks in India still cite that circular to deny banking,” Nischal Shetty, cofounder and CEO of Mumbai-based cryptocurrency exchange WazirX
Honestly, if they were confused, why did they even start providing services again after Supreme Court squashed the RBI ban last year. And why are they stopping now? Something fishy is going on!
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The institutions really do not know what to make out of with crypto. We see this with governments, banks, and corporations. It is rather funny to watch in a way (if it werent so sad).
Keep building. By the time they figure all this out, things will be much bigger.
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Yes T, you are right. It is rather funny. 😅
I think they are just confused and scared about the future of crypto in India.
They don't understand it and that is why they fear it.
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I don't know but they have been flip-flopping and they can't make a final decision. Is this going to stop you and other people in India from buying crypto? I don't think it will.
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It never did. We will move to the P2P model, that is all. When they put a restriction last time, we were doing buying and selling through this way. This time will be no different. Diamond Hands will HODL strong. 💎🤣
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