Indian and Pakistani central banks clamp down on cryptocurrencies
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By Abhirup Roy and Devidutta Tripathy
Friday, April 6, 2018
MUMBAI, India -- India's central bank today barred banks from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto-currencies on local exchanges.
Pakistan's central bank said in a separate statement late on Friday that crypto-currencies were not legal in the country.
The State Bank of Pakistan told banks and other financial services providers to refuse customers seeking crypto-currency transactions.
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The RBI said on Thursday that entities under its regulation may not deal in any virtual currency. ...
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