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India seeks to ban most private cryptocurrencies

Reports going around overnight on a bill that will be presented to the Indian parliament in the coming session.

  • India is seeking to ban most private cryptocurrencies when it presents a new bill to regulate virtual currencies in the winter session of parliament, the government said on Tuesday.
  • The government will only allow certain cryptocurrencies to promote the underlying technology and its uses, according to a legislative agenda for the winter session scheduled to begin later this month.

Bitcoin doesn’t seem to have been too shaken by this:

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