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RE: India: Banning of Unregulated Deposit Schemes Bill, 2018—Does It Affect Cryptocurrency Trading?

in #bitcoin7 years ago

India could be counted as a bitcoin friendly country, can't see how they ban bitcoin at the near future, the only reason I see they banning cryptocurrencies is if the western world would force/ pressure them to do so.
India has some strong exchanges that are working with the regulators and I don't think that they are going to leave any time soon, those exchanges are just getting bigger and the demand for bitcoin in India is keeping on growing.

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