cryptocurrency

Leading private lender HDFC Bank has started cautioning its customers against dealing in cryptocurrencies such as Bitcoin, Ethereum, and others, according to emails sent by the bank. Reports suggest that these emails were sent to a specific group of customers, enquiring about the process of transaction or advice against such transactions, citing the 2018 circular issued by the RBI (DBR.No.BP.BC.104 /08.13.102/2017-18 dated 6 April 2018), which was later struck down by the Supreme Court. The circular, DBR.No.BP.BC.104 /08.13.102/2017-18 dated 6 April 2018, had advised banks to exercise due diligence by closely monitoring transactions carried out in the account regularly. Cryptocurrencies…