Bitcoin exchanges in India suspend services because of recent crackdown

Numerous Bitcoin exchanges in India have had to suspend their services after authorities began cracking down on the virtual currency. India’s recent crackdown is due to concerns that the virtual currency could could violate money laundering and financial terrorism laws.

A number of Bitcoin exchanges in India have suspended their services days after the Reserve Bank of India (RBI) warned that use of the cryptocurrency could violate money laundering and financial terrorism laws. Among the services that are pausing, says “the only option left now is suspend the services until further arrangements can be made,” while will remain offline until “we can outline a clearer framework with which to work.”

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Written by Jesseb Shiloh

Jesseb Shiloh is new to blogging. He enjoys things that most don't and dismisses society as an unfortunate distraction. Find him on WeHeartWorld, Twitter, Facebook, and Pinterest.

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