On the heels of the RBI Warning One of the bitcoin trading platform shut its shop citing RBI Public Advisory!!!
The closure of one such XXXXXXXX and other operators and users—with a number
of other trading platforms suspended their services indefinitely and a substantial
number of Indian Bitcoin users also started selling the digital currency in
late-evening trades.
The RBI on Tuesday, issued a warning about the risks
involved with virtual currencies while claiming that it could be used for money
laundering and funding anti-terrorism activities. It stopped short, however, of
issuing a ban or any other restrictions and the RBI’s advisory as a precursor
to a possible clampdown, especially as the central bank has reportedly refused
to talk with several exchanges and companies regarding regulation.
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