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India may ban cryptocurrency

India may ban the use of Bitcoin and other cryptocurrencies and will launch official digital currencies in the future

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Russian Satellite News Agency reported that India plans to pass a law to ban cryptocurrencies in the country, such as banning the circulation and use of cryptocurrencies such as Bitcoin in India.

At the same time, the Indian Parliament announced that: “Related incentives will be established to promote the central bank of India to launch an official digital currency.” India may ban the use of Bitcoin and other cryptocurrencies and will launch official digital currencies in the future.

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