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HDFC Bank bans usage of its debit / credit card to buy Bitcoins / Crypto

“To  ensure our customer’s security, we have decided to not permit usage of HDFC Bank Credit, Debit and Prepaid Cards towards purchase or trading of such Bitcoins, Cryptocurrencies and virtual currencies, on merchants suspected to be dealing in crypto-currency or online foreign exchange trading or both.“ – from HDFC mailer to its customers.

The Indian govt stand has always been that if you are trading on Bitcoins/crypto, you are on your own. But a bank banning its entire system to buy crypto is taking this to a different level.

That too in the times of NiMo.