Crypto Community Relieved after RBI Clarifies Crypto Trading Isn’t Prohibited

The cryptocurrency investment community was relieved late on Monday after the Reserve Bank of India told banks not to cite a 2018 central bank circular as a reason to set back crypto trades.  The 2018 note had forbidden banks from facilitating such transactions but has since been abolished by the Supreme Court. The regulatory body said that banks must continue with other routine due diligence measures on the deals. The RBI order comes after local media reports that financial firms,…