Indian virtual currency exchanges are struggling. This is because major banks such as India State Bank (SBI), Axis Bank, HDFC Bank, ICICI Bank, and Jesus Bank are all blocking or restricting trading accounts. The local economic newspaper Economic Times reported on the story of three sources.
Today, dark clouds are beginning to appear in the future of the country's virtual currency market in India. At the end of last month, the Ministry of Finance issued a warning statement that there is "risk as seen in the mouse" in the virtual currency, lawyers in the city of Calcutta caused a public benefit lawsuit seeking a ban on bit coin use ing.
The breeze to the bitcoin is getting stronger worldwide. U.S. Treasury Secretary Steven Muelsin also said in a close cooperation with the G20 on 14th that "Bitcoin wallet will not be an account of the Swiss bank" and he is willing to crack down on money laundering .