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<h1>Virtual currency authorization: users transact at their own risk; regulatory approval absent and AML/CFT risks highlighted.</h1> Reserve Bank of India has not authorised any entity to operate schemes or deal in virtual currencies, including Bitcoin, and users transact at their own risk; no regulatory approval or registration has been obtained by entities offering such services, and the anonymity of virtual currency systems may expose users to inadvertent breaches of AML/CFT obligations.
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