ICICI Bank is telling customers not to use foreign remittances to invest in cryptocurrencies.
The news comes amid the view that proposals for a blanket ban are outdated.
India’s central bank has been unofficially asking banks why they are dealing with crypto businesses.
A CBDC could promote financial inclusion but also poses a risk of harming the banking system, the RBI said in a report.
Talk that India might be considering a new ban on crypto may be premature, said exchange founders and startup CEOs working in the sector.
India's commercial banks can indeed provide banking services to traders and firms dealing in cryptocurrencies, the RBI has clarified.
Tim Draper plans to back local startups now the Indian supreme court has overturned a ban on financial services for crypto companies.
The Reserve Bank of India reportedly plans to return to the supreme court to ask for a review of a ruling that overturned its ban on banking access for crypto firms.
Mumbai-based CoinDCX became the first platform in India to fully integrate bank account transfers.
The Supreme Court of India has ruled against a decision imposed by the country's central bank nearly two years ago that stifled crypto trading in Asia's third-largest economy.
The Reserve Bank of India has said in a court filing that it had "ringfenced" financial institutions from dealing with digital assets over perceived risks, but hadn't banned cryptos.
Facebook reportedly has not filed an application with the RBI, which seeks to ban cryptocurrencies.
The Reserve Bank of India is setting up a regulatory sandbox for fintech startups – but crypto projects are excluded.
The Reserve Bank of India has denied officially forming a new unit to research AI and blockchain technology, despite reports to the contrary.
Zebpay, once the largest crypto exchange in India, is halting its trading service at short notice, but stressed its wallet will stay functional.