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No consensus yet on treatment of cryptocurrency
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meeting chaired by Prime Minister Narendra Modi on cryptocurrencies on Saturday underscored the divergence between the government and the central bank on India’s stance toward virtual currencies such as Bitcoin and their trading platforms. Most stakeholder departments at the meeting favoured some form of regulation of cryptocurrencies, but RBI is believed to have reiterated its advocacy of a ban, citing macroeconomic and financial stability concerns.
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