Indian Banks are Pondering Crypto
Indian banks appear to be instance on cryptocurrencies after months of unreliability. According to a report by the Economic Times (ET), Wazir X, the country’s top crypto exchange, has registered internet banking payment options from noted public and private banks in the country.
According to Finance minister Nirmala Sitharaman, India’s crypto bill is still awaiting acceptance from the cabinet as the Indian government has yet to decide how to rule cryptocurrencies.
However, sources stated that a new committee might be set up to rephrase the bill. The government is considering its stance on cryptocurrencies in the face of surging in Tier II and Tier III towns.