India’s Top Banks Suspended All Leading Bitcoin Exchanges Bank Account
India's leading banks suspended some accounts of major Bitcoin exchanges in India. According to the sources, the reason of this move is suspicious transactions from exchanges side.
Banks who suspend bitcoin transaction accounts are State Bank of India, Axis Bank, ICICI Bank, HDFC Bank and Yes Bank. The accounts of cryptocurrency exchanges/platforms in the country such as Zebpay, Unocoin, CoinSecure, BtcxIndia, among others are cancelled.
These banks have also capped cash withdrawals for the few accounts which are operational, , the Economic Times reported citing multiple sources.
Also no bitcoin exchanges reply on Pixr8's mail during the time of publishing the news. Queries sent to the banks taking the action also did not elicit any response.
Eight accounts have likely been su...