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Topic: Bitcoin will not add even a single rupee to your bank's balance (Read 125 times)

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Reserve Bank of India's (RBI) deadline to banks to stop transactions with cryptocurrency exchanges is expiring today. The RBI in April had given a three-month buffer period to entities to end their business relationships with cryptocurrencies.

  • RBI's deadline to banks to stop any relationship with cryptocurrency exchanges expires on Thursday
  • However, this is not the death of cryptos in India as RBI has only banned banks from associating with cryptocurrency
  • Exchanges or cryptocurrency companies now won't be able to avail loans or hold account in banks.
Source: economictimes timesofindia
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