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rbi cautions against use of bitcoins rate

Reserve Bank of India (RBI) Shaktikanta Das sounded alarm on cryptocurrencies, cautioning investors on the potential pitfalls of the digital. It has come to our attention through media reports that certain banks/ regulated entities have cautioned their customers against dealing in. NEW DELHI: A week after budget proposed 30 per cent tax on gains made from cryptocurrency trades, Reserve Bank of India (RBI). BITCOIN PRICE DAILY HISTORY

Defence National International Industry. International US News. Saudi Arabia. World News. Rate Story. Font Size Abc Small. Abc Medium. Abc Large. While RBI is yet to come out with a clear regulatory framework for bitcoins, which have been gaining currency across the world over the past few months, it has issued an advisory cautioning general public against use of bitcoins and other virtual currencies.

Within days of this advisory issued on December 24, a number of entities offering bitcoin services have suspended their operations, temporarily or indefinitely, while websites of a few others have gone down. Read More News on risk Wholesale price index place volatility net worth Insurability settlement option. ETPrime stories of the day Strategy Cost rationalisation, lean operations, exports: how Honda is turning around its fortunes in India.

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Your Reason has been Reported to the admin. Fill in your details: Will be displayed Will not be displayed Will be displayed. In recent weeks, several lenders including HDFC Bank and State Bank of India, had officially flagged transactions relating to the purchase of cryptocurrency, warning customers of curbs , including permanent closure of accounts. Discover the stories of your interest. Blockchain 5 Stories. Cyber-safety 7 Stories. Fintech 9 Stories. E-comm 9 Stories.

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