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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.


A former manager at Coinbase Global charged with the first insider trading case involving cryptocurrency bought a one-way plane ticket to India after a company security director summoned him to a meeting, US prosecutors said.
The three defendants allegedly used ethereum blockchain wallets to acquire assets and traded at least 14 times before Coinbase's announcements from June 2021 and April 2022, US prosecutors say. 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.

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