Bank of India urges banks to sever ties with cryptocurrency exchanges and traders

According to Reuters, the Indian Supreme Court has ruled that the success of the cryptocurrency market has enabled banks to participate in the cryptocurrency market, but India's central bank has asked illegal banks to sever ties with exchanges and tradespeople. Our source said that India is developing a bill to restrict cryptocurrencies and penalize anyone involved in the cryptocurrency industry. However, as a new outbreak in India has swept through India, no one knows when the crypto bill will pass, confusing investors even more.