I don't find any difference between stock trading and crypto trading. So when we are allowed to continue stock trading using savings bank account, the same should apply for crypto trading as well. I don't see any issues in that.
But the entire crypto scenario is very confusing in India. So I won't be surprised if the bank deactivates anyone's account for cryptocurrency trading. But ideally they should not do that.
But the entire crypto scenario is very confusing in India. So I won't be surprised if the bank deactivates anyone's account for cryptocurrency trading. But ideally they should not do that.
It's better to avoid disclosing that we are receiving funds from the crypto trading platforms to the banking employees, cause employees may not aware of everything and they could just do what they thing is right and making them to realize its their mistake is actually big task, so unless we stuck in the situation we need to tell them, just keeping the mouth shut is good for us.
Absolutely! Not a single employee within banking system are to be trusted! Also, try to avoid big value transactions at all times, unless it's an emergency! keeping the amount low actually helps to avoid the internal banking surveillance system. Also the amount has to be at per your monthly income. I mean, if you earn a salary income of 50,000 a month, keep your crypto transactions within 10-25k. If you suddenly receive a credit of 3 lakh rupees, that would raise suspicion.
So keeping a low profile actually helps to avoid issues within banking channel!
