- Amid a growing perception that cryptocurrencies could be ‘regulated’ and not banned in India, Kotak has emerged as the first major bank to open its doors to the crypto community.
- After almost eight months of payment freeze by most high-street banks that continue to shun crypto investors and bourses, Kotak Bank will do business with WazirX, one of the country’s largest crypto exchanges.
- In August, the country’s largest lender State Bank of India told payment processors to disable ‘SBI UPI’ for crypto merchants – thus, blocking the receipt of funds by crypto bourses on its UPI platform.
[Via]
