Report: India BANS Bitcoin Wallets, Bank Funding, All Cryptocurrency Services: “Entities Which Already Provide Such Services Shall Exit The Relationship”

Don’t expect India’s 1.3 billion residents to be investing in Bitcoin or other virtual currencies any time soon.

According to a new report from the Economic Times, the Reserve Bank of India, the country’s central bank similar to the U.S. Federal Reserve, has issued a blanket ban on all cryptocurrency trading.

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