Synopsis
In 2018, the Indian government and the Reserve Bank of India had issued several warnings against dealing in cryptocurrencies, including Bitcoins. The government had even compared those with Ponzi schemes.
Mumbai: Two years after top banks stopped dealing with cryptocurrency exchanges and their customers on the central bank’s direction, the two sides are now back in business, according to four people with direct knowledge of the matter.Top banks including State Bank of India, HDFC Bank and ICICI Bank have started allowing customers to use bank accounts on cryptocurrency trading platforms, they said.Also, these banks are reaching out to
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Sign in to read the full article
You’ve got this Prime Story as a Free Gift
Yearly
(Save 49%)
₹2499
15
Days Trial
+Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp.
2-Year
(Save 63%)
₹3599
15
Days Trial
+Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp.
Already a Member? Sign In now
Why ?
Sharp Insight-rich, Indepth stories across 20+ sectors
-
Access the exclusive Economic Times stories, Editorial and Expert opinion
-
Clean experience with
Minimal Ads -
Comment & Engage with ET Prime community -
Exclusive invites to Virtual Events with Industry Leaders -
A trusted team of Journalists & Analysts who can best filter signal from noise
Read more:Indian banks rush to join bitcoin party
Bitcoin 
Ethereum 
Tether 
BNB 
USD Coin 
XRP 
Cardano 
Dogecoin 
Lido Staked Ether 
Polygon 
Solana 
Binance USD 
Polkadot 
Litecoin 
Shiba Inu 
TRON 
Avalanche 
Dai 
Uniswap 
Wrapped Bitcoin 
Chainlink 
Cosmos Hub 
LEO Token 
Toncoin 
Ethereum Classic 
Monero 
OKB 
Stellar 
Bitcoin Cash 
Filecoin 
Aptos 
TrueUSD 
Lido DAO 
Hedera 
Quant 
Arbitrum 
Cronos 
NEAR Protocol 
VeChain 
Stacks 
Algorand 
Internet Computer 
ApeCoin 
Fantom 
The Graph 
EOS 
The Sandbox 
Decentraland 
Aave 
MultiversX