Citibank joins a growing list of lenders choking cryptocurrencies in India

The Indian government is measuring its words of warning against cryptocurrencies, but the country’s banks aren’t pulling their punches anymore.

Citibank India is the latest lender to tighten the squeeze. In an e-mail on Feb. 13, the bank said it had barred customers from using debit or credit cards issued by it to buy virtual currencies.

Quartz reviewed a copy of an email that Citibank sent out to its customers. It read:

“Given concerns, both globally and locally, including from the

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