What are the requirements for crypto trading with Indian banks?
e_bMay 08, 2022 · 3 years ago1 answers
What are the specific requirements that need to be fulfilled in order to engage in cryptocurrency trading with Indian banks?
1 answers
- May 08, 2022 · 3 years agoWhen it comes to crypto trading with Indian banks, there are a few requirements that you need to fulfill. Firstly, you need to have a valid KYC document, such as Aadhaar card or PAN card. This is required for account verification and to comply with anti-money laundering regulations. Secondly, you need to have a bank account in India that allows cryptocurrency transactions. Some banks have restrictions on cryptocurrency trading, so it's important to choose a bank that supports it. Lastly, you need to comply with the regulations set by the RBI and SEBI. These organizations have issued guidelines and warnings regarding cryptocurrency trading, so it's important to stay informed and follow the rules.
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