Reserve Bank of India Bars Banks from Cryptocurrency Transactions
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Reserve Bank of India Bars Banks from Cryptocurrency Transactions
India’s central bank has banned financial institutions from dealing with cryptocurrency exchanges, in what some Indian enthusiasts described a restrained first step towards imposing outright ban on the virtual coins that have recently exploded in popularity in the country.
The Indian regulator moved on Thursday to restrict its banks and similar service providers from Bitcoin transactions, citing concerns about money laundering and a threat to financial stability.
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The action comes as monetary authorities around the world have begun to confront the issue of cryptocurrency, which ... (read more)
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