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Facebook not allowed to launch Libra in India

jun, 20, 2023 Hi-network.com

Libra the cryptocurrency and Calibra the digital wallet, expected to be launched by Facebook next year, will not be available in India, since the current regulations of the Reserve Bank of India (RBI) do not permit the use of banking networks for blockchain currency transactions. In April 2018, the RBI had mandated all regulated bodies to stop dealing in virtual currency due to the risks involved.

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