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.β€œIn 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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