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Bangalore will host Indias first two-day conference on 14 December to discuss the virtual currency industry how to make money by trading cryptocurrency and its future potential since Bitcoins are not yet regulated by Indias central bank. The Reserve Bank of India (RBI though,) is closely watching the developments, in fact,
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Cryptocurrency also gives you a great deal of anonymity. Unfortunately this can lead to misuse by a criminal element using crypto currency to their own ends just as regular money can be misused. However, it can also keep the government from tracking your every purchase.
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However, I found the whole process incredibly simple, and I can see why some people would prefer it and would enjoy the novelty of handing over physical cash for digital currency. While Bittylicious currently enables unregistered users to buy small amounts of bitcoins via bank.
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So I how can i change bitcoin to naira just logged in, im already registered and verified with Bittylicious, then the home page displayed the Cash Payment option. After entering my bitcoin wallet address and selecting the amount in BTC or GBP I wanted to purchase,
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Answers 3 Answers found. In fact, there is no official bank or official procedure in India which is approved by RBI to convert bitcoins how to make money by trading cryptocurrency to Indian currency. Can you please tell me how to convert it to cash in Indian rupees?
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