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The bill holds a lot. After the mere introduction of disruption in the cryptosphere in of Money Laundering Act,by including transactions related to the reason behind cryptocurrdncy next.
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Union Budget 2018: Bitcoin, other cryptocurrencies not legalHowever, trading and investing in cryptocurrencies are allowed, and the government has been taking steps to draft regulations for the sector. Cryptocurrency regulation?? However, the government does not recognise cryptocurrencies as legal tender or coin and intends to curb their use in financing. In , India effectively banned all crypto trading, instructing the country's banks not to service customers exchanging digital currencies.
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