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RBI says crypto not banned, but don't bank on it

RBI says crypto not banned, but don't bank on it

Tuesday, January 21, 2020, 10:19 AM

The Reserve Bank of India has said it had not banned cryptocurrencies such as Bitcoin in India, but only ringfenced regulated entities like banks from risks associated with the trading of such virtual-instruments. The central bank said this in a response to a petition filed by the IAMAI, which wanted it to reconsider the 2018 circular directing regulated entities not to deal in cryptocurrencies.
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