After the Supreme Court lifted the ban on cryptocurrency transactions, the stakeholders are seeking clear directives from the Reserve Bank of India to banks to allow transactions in cryptocurrencies.

An ET report said that Fintech Lawyers, a law firm representing cryptocurrency traders, has written to the government and RBI for the directions.

However, RBI is said to be planning to file a review petition in SC to curb cryptocurrency transactions in India.

RBI is concerned about the flaws which would come along with cryptocurrency transactions.

The central bank believes that allowing cryptocurrency transactions will put the banking system at risk. | To read full story, visit https://startuparound.com/read/1584288205.9021251/Banks-Await-Directions-From-RBI-On-Cryptocurrency-Transactions?ref=audio_experience