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Yesterday, India’s crypto community rejoiced after the finance minister said the government was “not shutting all options” on cryptocurrencies. But their joy was short-lived, as Reuters reported earlier today that India is set to pass one of the world’s toughest
cryptocurrency laws.

India’s first gaming IPOIndia to ban trading, mining and owning cryptocurrencies
India will propose a law banning cryptocurrencies and will fine anyone trading, mining or even just holding these digital assets, a senior government official told Reuters. It is a huge potential blow to millions of investors piling into the red-hot asset class. ....

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