The Indian judiciary and banking elite have made clear their opinion on the use of cryptocurrencies in the past few years. After the central bank came down hard on private banks known to have ties with crypto-centric companies, now these private banks are doing the same to their customers as well.
Based on a tweet from prominent Indian cryptocurrency influencer, @DesiCryptoHodlr, Kotak Mahindra Bank, a large Indian private sector bank sent her a curt email in lieu of her cryptocurrency activity. On May 15, @DesiCryptoHodlr stated that her account had been blocked by the bank, in addition to closure of her credit card facility without any intimation.
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