RBI has made easy way for the investors of crypto currency, now they will be able to use their bank account
A good news has come out for all the crypto currency investors across India. India’s central bank RBI has ordered to repeal the rules of the year 2018 of banks not facilitating trading in crypto currency. Late on Monday, RBI has decided not to implement the circular issued by RBI to stop trading of crypto currency.
In this regard, RBI had also sent notices to all commercial, cooperative, payment banks, small finance banks, non-banking finance institutions and payment system providers. Let us tell you that after the circular of RBI in the year 2018, many banks and financial institutions did not support the trading of crypto currency. Apart from this, many banks were also reported not to use bank accounts or credit cards for trading crypto currency.
However, after this decision of RBI, now no bank will be able to stop its customers from using bank accounts for trading crypto currency. This decision of RBI has been welcomed with great enthusiasm by all the investors.