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PARAGRAPHDays after some leading banks cautioned people against dealing in cryptocurrencies, the Reserve Bank of India RBI Monday said banks and other regulated entities cannot cite its April order on virtual currencies VCs as it has been set aside by the Supreme Court of India in Banks also warned customers that failure to adhere to here advisory may lead to cancellation or suspension of their.
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Rbi cautions against use of bitcoins to dollars | The move has been welcomed by cryptocurrency exchanges and traders. Choose your reason below and click on the Report button. It comes at a crucial time as the government is in process of framing rules to either ban or regulate cryptocurrency trade in the country; the latter option is a preferred choice of most crypto traders and exchanges operating in the country. Should you book profits? In Pics: Bubble or not! Milestone Alert! |
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Rbi cautions against use of bitcoins to dollars | The creation, trading or usage of virtual currencies as a medium for payment are not authorized by any central bank or monetary authority, RBI said. BMC tables Rs 59, Speaking at the event, he said, "Dollarisation would increase due to rising crypto usage and may act against the country's sovereign interest. Internet Not Available. These include issues such as devolution of powers, transfer of resources, and a. Explainer: What is bitcoin and how does it work? |
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