Now IDFC First Bank halts banking services to crypto industry
- IAMAI has set up a board to oversee the implementation of a self-regulatory code of conduct for its members that lays down that all crypto exchange members will voluntarily comply with anti-money laundering laws, among others
NEW DELHI: Private sector IDFC First Bank Ltd is the latest lender to halt services to the cryptocurrency industry, which has been witnessing some normalcy in accessing banking services after the Reserve Bank of India (RBI) last month clarified that the 2018 circular directing lenders to stop dealing in virtual currencies was no longer valid.
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