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RBI reiterates warnings about trading in Bitcoins

Reuters  |  MUMBAI 

MUMBAI (Reuters) - The Reserve Bank of India (RBI) on Tuesday reiterated its concerns about Bitcoins, just days after the cryptocurrency hit a record high of just under $11,800, stoking fears that a rapidly swelling bubble could burst in a spectacular fashion.The RBI said it wanted to reinforce its previous message to "users, holders and traders of Virtual Currencies (VCs) including Bitcoins regarding the potential economic, financial, operational, legal, customer protection and security related risks associated in dealing with such VCs."The statement was issued after the cryptocurrency, ...

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First Published: Tue, December 05 2017. 18:45 IST