Both nations hope to prevent banks from providing services to crypto companies.
India's crypto industry shows potential, but it continues to be held back by a lack of regulatory clarity, particularly around exchange-banking relationships.
Reserve Bank of India Governor Shaktikanta Das said he expects the government to "take a call" on cryptocurrencies.
An only-partial court victory and the possibility of legislation banning crypto mean the industry’s legal status in India remains vulnerable.
With India's Supreme Court overturning a ban on cryptocurrencies, the blockchain industry has a large new resource of customers and developers.
