Top lenders including state bank of India ,Axis bank ,HDFC bank , ICICI Bank and yes bank have suspended some accounts of major Bitcoin exchanges in India , suspecting dubious transactions three people aware I’d development said.
The banks have sought additional collateral from the promoters of these exchanges on their borrowings and have capped cash withdraws from the few accounts that are still operational.
Since last month, banks been asking for additional collateral with 1:1 ratio a person with knowledge of the Matt said.
The banks are scrutinising current accounts held by top Bitcoin exchanges, a second person said