SBI Card to restrict crypto transactions

The SBI Card is to follow Citi Bank India in restricting cryptocurrency transactions by the use of credit and debit cards. The MD and CEO of the SBI Card, Hardayal Prasad said that they are working towards restricting their card usage for trading in cryptocurrencies considering the view of Indian government and the Reserve Bank of India. He disclosed that they are in talks with the Visa and Mastercard networks.

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