Indian bank to do business with crypto exchange

While the Indian government is scheduled to introduce the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 during the ongoing session of Parliament, the Kotak Mahindra Bank has decided to do business with crypto exchange WazirX.

The country’s third-largest private bank has allowed WazirX to open an account to receive and pay money to investors trading on the exchange. The account is yet to become operational and is undergoing various procedures related to the opening of the account.

The bank is also reportedly in talks with crypto exchange Zebpay, the Economic Times reported.

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