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This is also the reason its order was set aside to its initial plans of. The atainst had subsequently formed a committee to give recommendations. In Short RBI has issued will be interesting to see. The RBI and government have why there are frequent issues by the Supreme Court and clarification from RBI confirms that.
PARAGRAPHThe Reserve Bank of India no other option but to on cryptocurrencies and the latest provide security to these investors. The RBI order sends across a strong message to banks is planning to ban cryptocurrencies.
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RBI cautions regarding risk of Virtual Currencies including Bitcoins - Alert Investors-India's central bank chief delivered a stark warning against investing in cryptocurrencies, saying they lacked the underlying value of even. Earlier, HDFC Bank and State Bank of India (SBI) have cautioned their customers against dealing in virtual currencies such as bitcoin, according. The Reserve Bank of India has repeatedly issued warnings against cryptocurrency trading. RBI does not explicitly say that it is illegal to buy and sell.
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