In a bid to avoid closure of accounts, Indian cryptocurrency investors have devised an innovative way to continue trading and investing in cryptocurrencies securely without being scrutinized by Indian banks.

Instashift, a local cryptocurrency exchange, has reported that banks are aiming accounts which have the mention of keywords such as cryptocurrency or Bitcoin in their transaction remarks, as directed by the RBI. Hence, when any such account is found, the bank sends a ‘Termination of Account’ letter to the individual.

In order to continue crypto-trading smoothly, Indian users have now started avoiding the use of crypto related keywords in their bank transactions.

Nischal Shetty, CEO of Wazirx, has also stated that the banking systems do not have a precise system to track the actual reason behind P2P transactions. Hence, by simply avoiding any crypto related words, users will be able to avoid closure of their accounts.