How Banks React to Crypto Withdrawals in India: Regulations and Real-World Challenges
India's crypto withdrawal process is complex due to strict RBI regulations. Banks often freeze transactions, demand extensive documentation, and block non-compliant exchanges. While owning crypto is legal, the RBI opposes it, favoring CBDC instead. Recent enforcement actions blocked 25 exchanges holding $9B. Users must comply with KYC, AML, and tax rules to withdraw successfully.
Read More