The requirement to sign agreements not to use crypto is being used as blackmail in India.
Merchant that do respond to consumer driven demand risk losing their fiat accounts if caught.
Seems like a great way to drive crypto underground.
An interesting move by the banks given crypto is not outlawed in India.
It simply seems to indicate signs of desperation on the part of the banking cartel, crypto is not going away.
Confirmed by recent news about Russia planning to invest huge amounts as USA sanctions come into effect.
https://www.ccn.com/indian-banks-force-customers-to-promise-not-to-use-bitcoin/