Ripple expects India to overturn cryptocurrency ban with regulations

India’s biggest English news daily, the Times of India (TOI), is reporting that crypto and fintech industry giant Ripple is betting on Basel 3 norms (international regulations for the banking sector) and a government panel report on cryptocurrencies leading to a new regulatory framework for the sector in the country.

Ripple, which notably has a presence in the Indian city of Mumbai, also expects the RBI to rescind its current ban forbidding banks and regulated financial institutions from offering services to cryptocurrency businesses in the country.