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Seeing the future of Bitcoin tech startups in the context of the notification of the Reserve Bank of India, it seems clouds are hovering over the future of Bitcoin startups, as the Reserve Bank of India (RBI) has warned in general to all the users, keepers and traders of virtual currencies (VCs) that also include Bitcoin about the possible money, legal and security risks attached.  As per the notification, “RBI advises that it has not given any license/authorization to any entity/company to operate such schemes or deal with Bitcoin or any virtual currency. As such, any user, holder, investor, trader, etc. dealing with virtual currencies will be doing so at their own risk”.

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