Indian Bank Blocks Use of RBI’s Remittance System for Crypto While Government Delays Bill

Indian Bank Blocks Use of RBI's Remittance System for Crypto While Government Delays BillMajor Indian bank ICICI has asked customers not to use the Reserve Bank of India (RBI)’s liberalised remittance scheme (LRS) for any crypto-related investments. ICICI, a leading private sector bank in India, has updated its retail outward remittance application to include cryptocurrency. With this update, the bank has asked its customers to declare under India’s […]
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