DIGITAL RISK MANAGEMENT IN BANKING

While banks closed down the accounts of cryptocurrency exchanges, it had an impact on the transactions, which bogged down. “for exchanges with one banking dating, this is inflicting loads of trouble. A number of the exchanges are processing 10,000-20,000 transactions an afternoon. Bitcoin exchanges don’t need to visit smaller banks where the bank turns into a danger element," stated khurana. But, a few exchanges have denied the sort of improvement. “we currently have hdfc financial institution ltd and rbl bank ltd. Both bank bills are functional," said jincy samuel, chief operating officer, coinsecure, a bitcoin trade agency. Coinsecure had terminated its banking offerings with different banks due to operations troubles, stated samuel.
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