Leading Indian banks are clamping down on customers using bank accounts for cryptocurrency transactions.
Over the past few months, HDFC Bank and State Bank of India – to name two such lenders – have sent official notices to many customers warning them of curbs – including permanent closure of accounts.
“Kindly clarify the nature of these transactions…within 30 days,” according to one such communication from HDFC Bank.
A letter from SBI Card
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