Uncertain Regulations Block Indian Banks’ Entry Into Crypto, Says Expert

[Riya143]

Blockchain.com’s head of research Garrick Hileman discusses the interest of Indian banks in the crypto space.
Garrick Hileman, the head of research at Blockchain.com, shared in an interview today that Indian banks are showing interest in cryptocurrencies but are also skeptical of heading further into this space due to the regulatory uncertainty.

While speaking to Data Quest, Hileman also hinted that Blockchain.com still does not have a payment gateway in India for the same reason. But it is a goal for the firm, he added.
Read More: https://cointelegraph.com/news/uncertain-regulations-block-indian-banks-entry-into-crypto-says-expert

[Astra]

Of course, banks have always worked only on the basis of specific instructions that were accepted by the government and the central bank. Own initiative in financial relations is not allowed there. Therefore, the lack of legal regulation of issues related to cryptocurrency does not allow Indian banks to resolve any issues related to cryptocurrency. Moreover, if the position of the Reserve Bank of India regarding cryptocurrency has always been sharply negative.