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However, investors are still not very aware of the legal procedures of buying bitcoins. The bitcoin network and currency was introduced by an unknown person or group satoshi nakamoto in 2009. Supreme court also supports the decision of the rbi. In india, there have been a directive that there should be no bank in the country that will provide or serve as a medium through which people or individuals involved with the selling or purchase of virtual currencies. Some say that this volatile currency is not appropriate for large investments, but others claim that if you invest wisely and wait.
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