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This is how transactions will be validated. The RBI, which has not yet come out with an ultimate verdict, has issued a press release cautioning users, holders and traders of virtual currencies about the potential financial, operational, legal and security related risks. Built with love in India Report an issue. According to Nishith Desai, Founder of law firm Wallet Desai Associates, Bitcoin are not illegal in India and this is in consonance with an international approach.
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