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Bitcoin Exchanges Shut Down After Threat from India Central Bank PDF Print E-mail
Friday, 27 December 2013
Virtual currencies are magnificent, but if left unguided, this poses as financial security risks for any financial institutions. And if you are an ardent Bitcoin fan, you should know that you ought to take the necessary financial precautions when investing into these virtual coins, as clearly, more governments are already placing more regulations on Bitcoin trading.

And just recently, the Indian central bank has just announced a warning to their Bitcoin exchange centers, whereby they have voiced their concerns over the respective electronic wallet which could lead to unregulated transactions and value fluctuations. Not to mention, unregulated virtual currencies can also be used to launder money, and finance terrorism in the process too.

Bitcoin Exchanges Shut Down After Threat from India Central Bank

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