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The proposed legislation that is yet to be tabled in the parliament might only legalise the cryptocurrency currently mooted by the reserve bank of india (rbi) while banning all others. As per the directives, the companies will have to disclose profit or loss on transactions involving cryptocurrency or virtual currency and the amount of holding. What you need to know. Plus, flywire plans to go public. Faqs on best cryptocurrency in india which cryptocurrency is best to invest in india?
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In india, over 7 million people are believed to have invested more than $1 billion in cryptocurrency and would be hoping for a way to get reimbursed before a law is imposed.
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