RBI's cryptocurrency clampdown: Will existing investors lose their money?

The Reserve Bank of India (RBI), on Thursday, finally clamped down on cryptocurrencies. As part of its bi-monthly monetary policy statement, the central bank stated that, with immediate effect, entities regulated by it can no longer deal with or provide services to any individual or businesses dealing with or settling virtual currencies. A circular on the same will be issued soon, the RBI said. The central bank in the past has issued repeated warning about investing in virtual currencies like bi ..

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