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Blog : Beware Indian Bitcoin users, your accounts may freeze any time!!

Today local and national newspapers are reporting that many nationalised indian banks are freezed many users account in doubt that they are using for trading or the transaction of Crypto currencies like bitcoin. Bitcoin transactions were announced as illegal by RBI and after that now banks makes the next move to stop bitcoin and similar virtual currency systems from making parallel economy in India. Mumbai based accounts where mostly in the freezed list. Banks such as State Bank of India, Yes bank, HDFC etc are on the action.