India Authorities Block Crypto Exchange Bitbns’ Bank Account

Aug 12,2022
KingData News: Indian crypto exchange Bitbns said on Thursday that withdrawals in Indian rupees (INR) have been delayed as law enforcement officers have blocked its bank account. “If a cybercrime case is raised for say even an amount of 10,000 Indian rupees (US$125), the law enforcement officer (police officers) can block the entire account,” Gaurav Dahake, CEO of the exchange, said in a statement. Bitbns has been facing this issue for over a month now. The exchange issued a statement on July 9 to say INR withdrawals are delayed due to “some issues from relevant authorities.”
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