Bitcoin Exchanges in India get Shut Down

The Reserve Bank of India (RBI) has declared the use of bitcoins can be classified as “illegal and illicit” activity. Following this announcement, Bitcoin exchanges throughout India were shut down. According to the RBI, “The absence of information of counter parties in such peer-to-peer anonymous/pseudonymous systems could subject the users to unintentional breaches of anti-money laundering and combating the financing of…

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