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Banks in India: Don’t Touch Bitcoin Or Your Accounts Will Be Closed

Banks in India: Don’t Touch Bitcoin Or Your Accounts Will Be Closed
Reports on social media indicate that banks in India are threatening customers that deal in Bitcoin and other cryptocurrencies with the closure of their accounts. This move is the latest salvo from the banking industry in a country where cryptos seem all but banned.

Upping the Ante
On Friday (Jan. 11, 2019), Morgan Creek founder and partner, Anthony Pompliano published a tweet culled from sources in India about the latest move by banks in India to prevent Bitcoin trading. According to the tweet, banks sent out warnings telling their customers not to deal in cryptos or risk the closure of their account.

Banks in India are now saying they will now close customers' accounts if they deal in cryptocurrencies.
These legacy institutions fear what they can't control, but people should be allowed to do whatever they want with their wealth.
Long Bitcoin, Short the Bankers! pic.twitter.com/vvjniodaiL
— Pomp 
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