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India to ban private cryptocurrencies and launch official digital currency
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theguardian.comThe Indian government is preparing to ban private cryptocurrencies and allow the country’s central bank to launch an official digital currency.
The proposed legislation follows a crackdown on cryptocurrencies in China, where financial regulators and the central bank have made all digital currency transactions illegal.
The Indian proposals were flagged in a parliamentary bulletin listing upcoming legislation which included one paragraph on “The Cryptocurrency and Regulation of Official Digital
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