HDFC Bank retracts crypto warning after RBI’s May 31 circular
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HDFC Bank has officially asked customers to ignore its previous communication warning them about dealing in cryptocurrency transactions.
TNN
The notice sent by HDFC Bank on cryptocurrency transactions had cited RBI’s 2018 circular that was struck down by the Supreme Court in 2020.
Mumbai:
HDFC Bank has officially asked customers to ignore its previous communication warning them about dealing in cryptocurrency transactions.
The notice had cited a 2018 circular by the Reserve Bank of India (RBI) that was struck down by the Supreme Court in 2020. RBIclarified earlier this week that banks should not refer to the said circular to caution customers about trading in cryptocurrency.