SBI, the biggest bank in India earlier warned users not to purchase crypto using SBI Debit and Credit cards. According to the company, they successfully disabled crypto purchases across the web.
Reason for issuing Warning
Users accross India noticed that SBI Credit Cards still allows them to buy crypto across web despite an earlier warning by the bank. The reason bank issued the warning because users used to buy crypto using credit cards and at the time of clearing the debts of credit card they were unable to pay the money in given time.
Last week Citi bank and other banks of India issued a warning and blocked their users for crypto trading over the Internet.