Not just Citibank but many other bank
Axis Bank
Kotak Mahindra
HDFC Bank
They said any account involved with cryptocurrency purchase can get closed without warning.
I can assure you Axis didn't
and no notice whatsoever from it .
Many banks are getting stricter and anything related to crypto currency is being asked to closed. So from this what we can expect from the committee report is that ban will come soon and govt will announce it officially. So after that what will people do and are you all selling if you have any crypto?
well if ban happens which is highly unlikely then we have to use LBC Cash method for crypto sell . Most probably strict regulation and tax implementation will happen cause no one can ban crypto and it's usage . But yes Govt can ban exchanges to operate . But peer to peer trade no one can ban , for example sale in forums and LBC .
