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Government's proposed cryptocurrency ban bill sparks meme fest on Twitter
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moneycontrol.comCryptocurrency investors in India are on panic mode after the Lok Sabha announced on Tuesday that a bill to ban private cryptocurrencies will be introduced in the upcoming winter session of parliament and that the government will create a framework for a central bank-backed digital money.
The proposed bill "seeks to prohibit all private cryptocurrencies in India", the Lok Sabha said, and comes after Prime Minister Narendra Modi warned last week that Bitcoin presents a risk to younger generations
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