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RE: Bitcoin: State of Affairs in India Nearing 2018!
With the governments push to introduce Banking Regulation Bill (FRDI) soon, people in India now fear whether the money deposited in bank accounts are safe? With this new Bill, if the financial situation of the bank deteriorates so much that it becomes unable to repay the deposits then it holds, which means there is possibility that a bank account holder with a large deposit might lose a lot of money if the bank goes down. Bitcoin seems to be the safe place than any bank for Indians...
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