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Banks may be wary of cryptocurrency, thinking that transactions involving these assets present heightened risk and require lengthy and expensive due diligence. In July , Cashaa, a UK-based cryptocurrency bank, announced that it is all set to launch operations in India the next month. The �Unicas�. 6 Different Types of Cryptocurrency: A Quick Guide for Banks and Credit Unions � 1. Bitcoin: The Foundational Cryptocurrency � 2. Ethereum: A Crypto �Swiss Army.