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India bans cryptocurrencies

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Published: 05 Apr 2018 › Updated: 05 Apr 2018India bans cryptocurrencies

India bans cryptocurrencies

Indian banks and digital wallets have been banned today by the Reserve Bank of India from allowing any transfers and transactions related to cryptocurrencies. So as far as India is concerned, to and fro conversion between fiat and crypto is officially banned now.

There is almost 50% drop in BTC price in Indian exchanges.

This has been my dear throughout. Unfortunate that it has come true.

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