Cashaa Launches Banking Solution for Indian Crypto Owners

Banking services platform Cashaa is offering a solution for Indian crypto owners facing banking restrictions imposed by the country’s central bank, the Reserve Bank of India (RBI). The service allows users to deposit up to 1 crore rupees (~$141,012) per month to purchase cryptocurrencies.

Also read: Indian Finance Minister Answers Crypto Questions at IMF Meeting

Cashaa’s Banking Solution

U.K.-based online banking platform Cashaa announced Monday that it will start enabling users to buy cryptocurrencies with INR on Oct. 23. The company explained that “While access to crypto in India through banking no longer exists, Cashaa was able to find a solution,” elaborating:

On the occasion of Diwali, an Indian festival for wealth and prosperity, Cashaa will be enabling INR deposits and purchases of crypto in India for Indian residents, up to 1 crore INR per month.

Cashaa cofounder Janina Lowisz confirmed to news.Bitcoin.com on Tuesday that “people can buy BTC,…