Indian Banks suspend accounts of cryptocurrency exchanges, tax notices sent to traders (In Hindi)

In this Crypto Update, we uncover the latest move against cryptocurrency exchanges. According to news reports, leading Indian banks such as HDFC, ICICI, SBI and AXIS, among others have suspended accounts of some Indian cryptocurrency exchanges. It is also reported that the Income Tax Department has sent tax notices to more Bitcoin traders.

News sources:

https://economictimes.indiatimes.com/news/economy/policy/tax-notices-slapped-on-cryptocurrency-investors-as-trading-hits-3-5-billion/articleshow/62570494.cms

https://www.ndtv.com/business/tax-department-sends-notices-to-bitcoin-investors-as-trading-hits-3-5-billion-1802266