The Reserve Bank of India (RBI) had cautioned the users, holders and traders of crypto-currencies and virtual currencies, including Bitcoin, about the potential financial, operational, legal, customer protection and security related risks through their recent press release.
RBI also advises that it has not given any licence / authority to any entity / company to operate such schemes or deal with Bitcoin or any other crypto and mention that the users will be doing so at their own risk.
For detailed press release, visit : https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR205413F23C955D8C45C4A1F56349D1B8C457.PDF
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