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India: Banks Threaten to Close Customer Accounts if They Use Cryptocurrencies

A group of banks in India has begun to issue warnings to customers threatening to close their accounts in the event that they are found to have performed acts involving the use of cryptocurrencies. According to a tweet published by Indian CryptoGirl, the banks that have issued the warnings indicate that they have done so in order to comply with regulations issued by the Reserve Bank of India (the…
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