Sentences with phrase «banned regulated financial institutions»

Yesterday, India's central bank banned regulated financial institutions from dealing in cryptocurrencies, citing the risks involved.

However, starting now, the RBI has banned regulated financial institutions from legally dealing with cryptocurrency.

Not exact matches

At the identical time, the central financial institution has formally banned regulated entities resembling banks from coping with or offering companies to people or companies coping with digital currencies.

In a startling move, the Reserve Bank Of India (RBI) virtually banned cryptocurrencies on April 5, 2018, as they passed a mandate which bars banks and regulated financial institutions from providing services to any individual or business dealing in digital currencies.