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Cryptocurrencies

India's RBI bans regulated entities from dealing in cryptocurrencies

Central bank mulls launching own virtual currency for banks to gain tighter control

Reserve Bank of India banned the transactions of cryptocurrencies by financial institutions.
ROSEMARY MARANDI, Nikkei staff writer | India

MUMBAI -- The Reserve Bank of India on Thursday banned banks and other regulated financial entities from facilitating transactions in cryptocurrencies immediately, citing money laundering and consumer protection concerns.

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