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RBI orders banks to stop services to those dealing in crypto currencies

At its first Bi-Monthly Monetary Policy Press Conference for the financial year  2018-2019, Reserve Bank of India (RBI) has asked banks to stop having business relationship with the entities dealing with virtual currencies with immediate effect. Regulated entities which already provide such services are also ordered to end relationship within a period of three months. Some of the banks have already banned buying cryptocurrencies using credit and debit cards. RBI said that Virtual Currencies...
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