RBIs move to block crypto-trading a huge blow to industry, say stakeholders

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The Reserve Bank of India’s announcement on cryptocurrency has not only stirred the market but left both the traders and investors in a state of loss with many of them thinking of wrapping up their operations. Last week, the RBI, in its first bi-monthly Monetary Policy Committee meeting of this fiscal, announced that regulated entities already providing services to any individual or business dealing in digital currencies have been given three months to exit the relationship. “The RBI has cautioned on at least three occasions members of the publi…
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