Indian banks force clients to avoid cryptocurrency
Reserve Bank of India is reportedly forcing the customers of commercial banks to abandon bitcoin and any other digital currencies or performing any business activity that is related to digital currencies, Coinnounce reports. The warning is said to have come from the Indian state of Jammu and Kashmir. The warning states that digital assets like Bitcoin have “heightened risk” owing to the fact that the government is not ‘interested’ in the sector.
“The general public is informed not to make any type of investment in cryptocurrencies, virtual currencies (vcs) such as bitcoin because there is a real and heightened risk associated with them.”
Клиенты крупных банков Индии обязаны
All commercial banks have now ordered their customers to not deal in any transaction which is related to cryptocurrencies such as bitcoin. Banks are informing their customers through emails, messages as well as through bank’s atm machines. The bank officials are regularly monitoring transactions of the customers to check if there are any crypto related transactions.
Similar situation is currently in Pakistan, Faysal Bank in Pakistan has been sending anti-crypto messages to customers since April 2018.
It is worth noting the Reserve Bank of India (RBI) has initiated a crackdown on cryptocurrencies such as bitcoin, even as it considers a proposal for issuing its own digital currency.