Cryptocurrency in India has recently taken the path of robust growth amid the lack of regulations. However, things would soon be changing as the government and the RBI has recently hinted about floating a strong regulatory control on cryptocurrency to avoid money laundering and terror financing.
source https://www.caclubindia.com/articles/cryptocurrency-regulations-in-india-46259.asp
source https://www.caclubindia.com/articles/cryptocurrency-regulations-in-india-46259.asp
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