According to the Central Bank, the April 6, 2018 circular requesting banks to stop crypto payments is no longer legitimate and should not be mentioned. The banks, on the other hand, must continue to conduct customer due diligence in accordance with the rules, according to the report. ICICI Bank, HDFC Bank, SBI, and Paytm Payments…
Indian central bank clarifies regulations as local banks shun crypto Banks like HDFC and the State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular. India’s central bank has issued an official notice regarding the fact that local banks are reportedly cautioning customers against using cryptocurrencies like Bitcoin (BTC). 2…
Some banks are invoking a prohibition on crypto trading issued by India’s Central Bank in 2018, which was overturned by the Supreme Court last year. Users have been contacted by HDFC Bank and SBI Bank regarding cryptocurrency investments. Earlier this month, India’s banks began removing services from cryptocurrency exchanges. HDFC and SBI Bank Banks are…
Bitcoin and cryptocurrencies have become a hot topic in recent days, with several debates and discussions taking place in various circles, whether economic or simply trading-and-hype related, to determine the long-term viability of these blockchain-based currencies and whether they could be the next step for global economies. Dr Gitanjali Swamy, daughter of Rajya Sabha MP…
CBDC Can Be Set Up on Ethereum Network, Says Architect of Digital Yuan During the spring meetings of the 2021 International Finance Forum (IFF), Yao Qian, science and technology supervision bureau head at the China Securities Regulatory Commission (CSRC), said that a central bank digital currency (CBDC) could run directly on the Ethereum network or…
Day trading is a short-term trading approach and people use it for holding a cryptocurrency for a few moments to a few hours. The purpose is to sell the cryptocurrency before the day ends in the hope of making a fast, generally small profit from its sales, profit from Cryptocurrencies on Daily Basis. You can…
