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flag Indian states ban cryptocurrencies, but the RBI maintains its cautious stance on digital currencies.

flag Indian states have imposed bans on cryptocurrencies, citing concerns over financial stability and economic impact. flag Despite these state-level actions, the Reserve Bank of India (RBI) has not changed its stance, maintaining concerns about regulatory oversight and potential risks like money laundering. flag The RBI has previously warned against the unregulated nature of digital currencies.

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