The futility of prohibiting bitcoin trade4 min read 24 Apr 2018, 10:12 PM IST
Now that the technology has been banned and we have driven all who use it underground, bitcoins will be purchased through cash or other untraceable commodities
Recently, the Reserve Bank of India (RBI) prohibited, with immediate effect, all regulated entities from providing services to anyone who deals with or settles any virtual currencies, citing concerns about the risks that these virtual currencies pose in the context of consumer protection, market integrity and money laundering. The true reason behind it is not entirely clear.
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