India’s Central Bank Tells Banks Not to Rely On Defeated Crypto Ban

[Galaxy]

The Reserve Bank of India (RBI) told banks not to rely on an old circular that restricted them from working with crypto companies. India’s central bank has asked banks not to cite its 2018 circular that barred them from dealing with crypto companies, and reminded banks that the country’s Supreme Court quashed the ban last year.

In the April 2018 circular, the Reserve Bank of India said that banks couldn’t deal with “any individual or business entities dealing with or settling virtual currencies.” Source Link