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India Crypto Exchanges Ask Banks to Lift Hurdles – ET

At present, most account holders of private banks are unable to directly buy crypto assets through their bank accounts or credit cards.


The value of ethereum has surged in recent months as the nears its 'Merge' to reduce power consumption.
The value of ethereum has surged in recent months as the nears its 'Merge' to reduce power consumption. File photo: Reuters

 

Multiple cryptocurrency exchanges have reached out to top private banks, including HDFC Bank and ICICI Bank, to allow their account holders to use their accounts to buy crypto assets, The Economic Times reported.

At present, most account holders of private banks are unable to directly buy crypto assets through their bank accounts or credit cards. They transfer money to exchanges through a few select banks or digital wallets.

 

Read the full report: The Economic Times

 

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Jim Pollard

Jim Pollard is an Australian journalist based in Thailand since 1999. He worked for News Ltd papers in Sydney, Perth, London and Melbourne before travelling through SE Asia in the late 90s. He was a senior editor at The Nation for 17+ years and has a family in Bangkok.