India, Pakistan central banks clamp down on crypto-currencies

MUMBAI (Reuters) - India's central bank barred banks on Friday from having any links to virtual currency dealers, slashing the prices of bitcoin and other crypto-currencies on local exchanges.


SNB's Maechler says cryptocurrencies won't rival conventional currency

ZURICH (Reuters) - Cryptocurrencies are not true competitors to conventional currencies despite soaring interest in products like bitcoin, Swiss National Bank Governing Board member Andrea Maechler said on Thursday.

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