Reserve Bank of India: Cryptocurrency trading is not banned, it is just a segregation of regulated entities such as banks to avoid risks

According to the Economic Times, the petition submitted by the Indian Internet and Mobile Association (IAMAI) hoped that the Indian central bank would reconsider the 2018 circular, which instructs regulated entities not to buy and sell cryptocurrencies. In this regard, the Reserve Bank of India said that it did not ban cryptocurrency transactions, but isolated the regulated entities such as banks to protect them from related risks.