Page 2 - ஒருங்கிணைந்த கொடுப்பனவுகள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

ETtech Illustration: Rahul Awasthi Indian banks enforced “informal restrictions” on cryptocurrency trading after concerns surfaced around money laundering at Indian crypto exchanges, the Dogecoin frenzy among investors and following an aggressive marketing push through repeated TV ads during the Indian Premier League (IPL), multiple industry sources said. Since early this month, leading banks – notably private sector lenders ICICI Bank and IndusInd Bank – have asked payment gateway partners to stop processing such transactions. Others such as HDFC Bank, Yes Bank, State Bank of India and Kotak Mahindra Bank had been declining these transactions even earlier. Over the last few weeks, crypto platforms in India have been blocked by all major payment gateway services providers from processing payments, on the instructions of lenders such as ICICI Bank, ET reported on May 1.

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