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Bitcoin trading declines in India as banks tighten regulations

Bitcoin trading in India has declined by as much as 90% owing to the strict regulations imposed by Indian banks. A few days ago...

Future regulatory moves could prevent access to investment in cryptocurrencies

While the values of cryptocurrencies are booming, many experts in India feel that the government could block access to the invested money in the...

Government warns investors against buying cryptocurrencies

The government of India has issued a warning once again against investors buying cryptocurrencies or similar virtual currencies. The ministry of finance compared the...

IT Department surveys bitcoin exchanges over suspicion of tax evasion

The recent bitcoin bubble has caught the attention of the Income Tax Department as it investigated the possibility of tax evasion through bitcoins. IT...