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RBI accepted conducting no research on Bitcoins before banning

RBI accepted conducting no research on Bitcoins before banning

In a response to an RTI application, RBI has mentioned that it did not conduct any consultation or in-depth research before applying the restrictions on Bitcoins and other virtual currencies. No committee was form to analyze the concept of blockchain technology before the decision was taken. On 6th of April this year, RBI has prohibited the traders from using their accounts for virtual currencies through a notice.

read more at Economic Times

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