Comments come as use of digital currencies soars in the country.
It's the second crypto platform in a week to face troubles in a country that is banning the use of cryptocurrencies for payments.
Authorities are also contemplating a capital threshold for crypto exchanges and education requirements for the executives at the firms, Bloomberg said, citing an unnamed official.
The Supreme Court of India has decided to hear crypto-related cases with respect to the news from RBI stopping banks from dealing with cryptos.
The chairman of the National Bank of Kazakhstan told Sputnik News it is seeking an all-encompassing ban on cryptocurrency exchanges and mining.