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New Crypto Bill: Private Cryptocurrency To Be Regulated, Not Banned; Crypto Not Legal Currency In India: 5 Points

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RBI will regulate issues related to cryptocurrencyThe note suggests that Cryptocurrency is not recognised as legal currency in the country.

The legislation also describes Cryptocurrency as Cryptoasset, according to the Cabinet note. Cryptoassets will be dealt with the existing crypto exchange platforms which will be regulated by the Securities and Exchange Board of India (SEBI).

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