Stripe is the first major payments company to allow Bitcoin payments, had hoped that it would become an alternative for the people frustrated with high-credit card fees.
The banks have initiated action against 10 Bitcoin exchanges including that of BtcxIndia, Zebpay, CoinSecure, Unocoin and others for dubious transactions.
The Reserve Bank of India had said that virtual currency trading are done at one’s own risk and the central bank does not license or authorize any company to deal in these digital currencies.