Bitcoin Exchanges In India Shut Down After Regulator Warning

[illumination]

Content source

http://techcrunch.com/2013/12/27/bitcoin-exchanges-in-india-shut-down-after-regulator-warning/?utm_campaign=fb&ncid=fb

Bitcoin exchanges in India are shutting down days after the country’s banking regulator warned users of virtual currency against security and financial risks associated with them. The Reserve Bank of India (RBI) had remained silent on Bitcoin over past few weeks, even as China started clamping down on the exchanges, sending the virtual currency into a downward spin earlier this month.

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[cindyEvans]

This is so ironic! I thought China and India are the largest Bitcoin market. And now they’re cracking down bitcoin? Huh, I don’t get it.