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Breaking: Supreme court lifts ban on cryptocurrency trading

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RBI had banned cryptocurrency in the nation on April 6, 2018. Following this, banks and financial institutions were banned from trading in cryptocurrency.

Now, on 4 March 2020, the reports say that “SC rules curb on cryptocurrency trade illegal,”.

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The virtual currencies and Bitcoin can now be used for financial transactions and services.

The cryptocurrency bill issued last year has gone through a lot of debates among the Indian crypto community. Today’s declaration raises hopes of India that it may boost industrial growing level. However, the concern for money laundering rises.

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