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The government may form a fresh panel of experts to study the possibility of regulating cryptocurrency in india, three sources privy of the discussions told et. Exchange hacks and crypto scams in india. It's just that it's more difficult and there is a. Indian government is rethinking crypto ban. Mining bitcoins is like mining gold on the internet. Why is the indian government banning cryptocurrencies in india and what is cryptocurrency? The other thing about crypto exchanges is that they allow those who own bitcoin to easily exchange the cryptocurrency for cash or other tokens. This is not the first time indian lawmakers have taken such a strong position on cryptocurrencies. Crypto currency banned , cryptocurrency legal in india crypto ka lenden karna cryptocurrency ki mining karna cryptocurrency ko transfer karna. Mining cryptocurrency needs a best configured pc consisting 12gb graphics card, atleast 1tb ssd drive, fast processing processor, latest generation of mining chips, as cheap a source of power, and a. Finally, we have seen some explanation on the. However, in countries where bitcoin is allowed, it doesn't mean it is a legal tender there. The indian government is not so friendly with cryptocurrencies from the start but wants to encourage the excessive use of energy resources which could result in environmental disaster as bitcoin mining requires humongous processing power.
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This comes amid the prevailing view that the recommendations by a committee.
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