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Cryptocurrency prohibition increased illegal use

Cryptocurrency prohibition may lead to increased illegal use : BACC

According to the Blockchain and Crypto Assets Council (BACC), which is part of the Internet and Mobile Association of India (IAMAI), a blanket ban on cryptocurrencies will promote non-state players, leading to increased illegal use of such currencies. BACC’s declaration comes only days after the government announced that the law to ban all private cryptocurrencies, […]