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At that point of time, last week that India does not recognise cryptocurrency as legal.
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Warning ?? by RBI Governor to Cryptocurrency Users - TulipMania Explained in Bitcoin MarketAn argument often advanced against banning cryptocurrencies is that advanced economies (AEs) are not resorting to such bans. While replicating. India's central bank has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. The government on Tuesday said use of virtual currencies like Bitcoins is not authorised by the RBI and could result in breach of anti-money.
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