SBI Card likely to ban customers from buying bitcoin, other cryptocurrencies R

automaticmoney

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Every bank in India is warning about investing in cryptocurrencies and aboard investments regarding rbi norms so indian govt is planning to warn from bank side so people will get warned directly for nt investing in cryptocurrencies aboard

farhaan

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Quote from: Omega Weapon on February 15, 2018, 05:55:02 PM

Quote from: Decade_Later on February 15, 2018, 05:09:07 AM

NEW DELHI: A few days ago Citibank announced that it has banned the use of its credit and debit cards for buying cryptocurrency. Now, SBI Card has said that it, too, might take a similar course soon.

In an email response to ET Online, SBI Card said it is in discussions with Visa and Mastercard to put a ban on such transactions. Hardayal Prasad, MD & CEO, SBI Card said, "Given the government and the Reserve Bank of India's (RBI) concerns around cryptocurrencies, we are activel ..

Read more at:
//economictimes.indiatimes.com/articleshow/62930125.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Read more at:...https://economictimes.indiatimes.com/wealth/personal-finance-news/sbi-cards-likely-to-ban-customers-from-buying-bitcoin-other-cryptocurrencies/articleshow/62930125.cms?from=mdr

Drop them, that is the only way people like that understand they think they are all powerful, while a bitcoin user here and there is not going to make them change their stand eventually when enough people do it and they realize they are losing profits they will accept bitcoin, it is incredible they think they own us and think they can say to us what we can do with our money.

They think that they could dictate is. They must be taught a lesson by using bitcoins for more transactions.If there had not been issues such as transaction delays and high fee, then they all would have got a lesson by this time.

Omega Weapon

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Activity: 1092

Merit: 501

Quote from: Decade_Later on February 15, 2018, 05:09:07 AM

NEW DELHI: A few days ago Citibank announced that it has banned the use of its credit and debit cards for buying cryptocurrency. Now, SBI Card has said that it, too, might take a similar course soon.

In an email response to ET Online, SBI Card said it is in discussions with Visa and Mastercard to put a ban on such transactions. Hardayal Prasad, MD & CEO, SBI Card said, "Given the government and the Reserve Bank of India's (RBI) concerns around cryptocurrencies, we are activel ..

Read more at:
//economictimes.indiatimes.com/articleshow/62930125.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Read more at:...https://economictimes.indiatimes.com/wealth/personal-finance-news/sbi-cards-likely-to-ban-customers-from-buying-bitcoin-other-cryptocurrencies/articleshow/62930125.cms?from=mdr

Drop them, that is the only way people like that understand they think they are all powerful, while a bitcoin user here and there is not going to make them change their stand eventually when enough people do it and they realize they are losing profits they will accept bitcoin, it is incredible they think they own us and think they can say to us what we can do with our money.

Decade_Later

jr. member

Activity: 75

Merit: 1

Changing the world, one project at a time

NEW DELHI: A few days ago Citibank announced that it has banned the use of its credit and debit cards for buying cryptocurrency. Now, SBI Card has said that it, too, might take a similar course soon.

In an email response to ET Online, SBI Card said it is in discussions with Visa and Mastercard to put a ban on such transactions. Hardayal Prasad, MD & CEO, SBI Card said, "Given the government and the Reserve Bank of India's (RBI) concerns around cryptocurrencies, we are activel ..

Read more at:
//economictimes.indiatimes.com/articleshow/62930125.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Read more at:...https://economictimes.indiatimes.com/wealth/personal-finance-news/sbi-cards-likely-to-ban-customers-from-buying-bitcoin-other-cryptocurrencies/articleshow/62930125.cms?from=mdr

Topic: SBI Card likely to ban customers from buying bitcoin, other cryptocurrencies R (Read 124 times)