The Reserve Bank of India or RBI has stated that currently, there’s no restriction for Indian commercial banks to provide banking services to crypto exchanges and crypto-related companies. Previously, there were some confusion regarding whether commercial banks in the country could provide services to crypto companies or not. While the RBI used to ban crypto companies from dealing with banks in the country, it has reversed the ban decision not too long ago.
That being said, some commercial banks were still banning crypto exchanges because they felt confused with the RBI’s policies. Fortunately, they don’t need to feel confused anymore, as the RBI has officially stated that the restriction for crypto companies does not exist anymore.
