In a Blow to Bitcoin, India Bans Banks from Dealing in Cryptocurrencies (bitcoinmagazine.com)

In what amounts to a major clampdown down on bitcoin and other cryptocurrencies, the Reserve Bank of India (RBI) announced in a press release today, April 5, 2018, that it is banning banks and regulated financial entities from dealing with digital currencies.“In view of the associated risks, it has been decided that, with immediate effect, entities regulated by RBI shall not deal with or provide services to…

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