Indian crypto exchanges flounder as banks cut ties after RBI frown

The exchanges are struggling to cope after the central bank, the Reserve Bank of India (RBI), which has said it does not favour digital currencies, out of concern over their impact on financial stability, informally asked banks to steer clear.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/indian-crypto-exchanges-flounder-as-banks-cut-ties-after-rbi-frown/articleshow/84056625.cms