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Cryptocurrencies
March 5 , 2020
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- In April 2018, the RBI had issued a circular barring banking and financial services from dealing in transactions involving virtual currency or Cryptocurrency such as Bitcoin.
- The Supreme Court now frees trade in Cryptocurrencies as RBI circular is violating the law by interfering into the trade of the country.
- Cryptocurrency is a digital currency for which encryption techniques are used to regulate its use and generate its release.
- It is not regulated or controlled by any bank, government or centralized financial authorities.
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