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Notable growth in the bitcoin market causes a stir

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One of the world's fastest developing economies, India has seen a surge in both the awareness and also the adoption of Cryptographic forms of money i.e. Cryptocurrency especially since the dubious demonetization initiative in November 2016, which viably observed 86% of the nation's physical banknotes rendered old overnight. In 2013, the Reserve Bank of India had cautioned people in general against the utilization of such Virtual monetary forms. This was after the central bank observed a rising interest for bitcoin, which it saw as risky as it was inclined to theft and had no intrinsic or underlying value, in light of the fact that regardless of how secure and legitimate uses the payment system bitcoin may have, yet like other technologies it's additionally been demonstrated useful to cybercriminals looking for better approaches to extort money. In any case, the announcement made by the RBI additionally demonstrated that the institution would examine issues with respect...(continued)
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