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The lawmaker chaired a conference at the un india's headquarters the same month which discussed issues surrounding cryptocurrency in the country. Both the government and the rbi have confirmed that cryptocurrencies, including bitcoin, are legal in india. Even china, which has banned mining and trading, does not penalise possession. Subramanian swamy said cryptocurrency is inevitable. The indian crypto industry hopes india's central bank, the rbi, can collaborate with the security exchange board of india, the equivalent of the u.s.
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