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India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets. Indian crypto traders are receiving account closure notes from banks, and exchanges say they are seeing issues with bank banks are already cracking down on crypto, indian traders say. The report has been made after collecting data from indian cryptocurrency exchanges such as wazirx, bitbns, coindcx and instashift, among others. Bloombergquint reported the news on thursday, citing an unnamed senior finance ministry official. Proposed crypto ban legislation reportedly under review by india's government.

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