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RBI Bans Regulated Entities From Dealing In Virtual Currencies
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RBI Bans Regulated Entities From Dealing In Virtual Currencies

The move comes as governments around the world are stepping up scrutiny of virtual currencies mainly due to their unregulated nature. The meteoric rise in the value of bitcoin in 2017, the most popular cryptocurrency, triggered worries that such currencies could facilitate everything from money laundering to tax evasion and fraud. Since reaching a peak…