In india our central bank also known as 'Reserve Bank of India' is trying its best to stop indians from using cryptocurrency, earlier in 2018, they banned it but because of supreme court's orders they were forced to remove restrictions, because supreme court stated ban as unconstitutional but RBI released a guideline SUGGESTING banks to stay away from cryptocurrencies, later all banks stopped sending or receiving money from cryptocurrency exchanges, so that no one else can invest nor anyone who had invested can take his money out. And yesterday HDFC Bank(a private indian bank) announced that cryptocurrency will sooner or later become legal. And it is more of like a hedge against inflation. https://www.livemint.com/amp Now within 6 hours RBI received anonymous complaint against HDFC, and RBI told HDFC to pay a penalty of ₹10 crore rupees, because suddenly RBI found some irregularities in their data. https://www.livemint.com/industry/b...-penalty-on-hdfc-bank/amp-11622210097811.html And somehow, all private banks suddenly changed their minds. Now the same banks are warning of imposing restrictions on bank accounts of people involved in cryptocurrency. https://www.bloombergquint.com/amp/...restrictions-if-they-deal-in-cryptocurrencies I feel extremely bad about the way central banks have complete monopoly, I hate the way they are exercising their powers.