There is good news for the crypto traders, time to say cheers, as Reserve Bank of India has clarified that crypto trading is not banned in India. RBI has decided to take back a rule of 2018 that was hurdle for banks to facilitate the crypto trades.

The regulator late on Monday told banks not to cite a 2018 central bank circular as a reason to hinder crypto trades. The 2018 note had forbid down by the supreme court. Now banks must continue with the old routine.

"The circular is no longer valid from the date of Supreme Court judgment and therefore cannot be cited or quoted from," the RBI said.

( Source: Times of India )