DBS-owned Indian Bank to Close Account Over Crypto-Related Activity: Report

India’s first digital bank, the DBS-owned Digibank, is allegedly closing accounts involved in crypto-related activity. India’s first digital bank, Digibank, is allegedly closing accounts involved in cryptocurrency-related activity. The claim was made by Twitter user “Indian CryptoGirl” (@Desicryptohodlr) in a tweet posted Jan. 14. As previously reported, the same Twitter user had just recently posted […]

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Major Indian Bank Threatens to Close Accounts of Users Transacting in Crypto: Report

Kotak Mahindra Bank, India’s second largest private sector bank by market cap, is allegedly requiring account holders to refrain from dealings in cryptocurrency. Kotak Mahindra Bank — India’s second largest private sector bank by market cap — is allegedly requiring account holders to refrain from dealings in cryptocurrency. The claim was made by Twitter user […]

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New Indian Governmental Committee Favors Legalizing Cryptocurrencies, Media Reports

A new Indian governmental committee reportedly favors cryptocurrency regulation and legalization over prohibition. A governmental committee in India has reportedly suggested that cryptocurrencies be legalized in the country, English-language local media TheNewIndianExpress (TNIE) reported on Dec. 26. According to the article, an unnamed senior official who reportedly attended the panel’s meetings on cryptocurrencies stated: “There […]

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