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Indian lawmakers to propose a law to debar private cryptocurrencies

Indian Authorities are planning to propose a law regarding the ban on private cryptocurrencies. The lawmakers also suggested developing a framework to launch Indian digital currency, which will be issued by the Reserve Bank of India, to replace foreign bitcoins. The RBI stated to ban individuals and businesses allowing the use of cryptocurrencies back in April 2018. The statement was rejected by India’s Supreme court later on.

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