This comes just days after ET reported that ICICI Bank NSE 2.89 % was distancing itself from bitcoin and other cryptocurrencies. ICICI Bank had told some payment gateway operators last Thursday to shut off its net banking services for merchants involved in buying or selling cryptocurrencies, either directly or indirectly.

On Tuesday, Nischal Shetty, the chief executive of cryptocurrency exchange Wazirx, took to Twitter to express conc ..