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State Banks in India Report Fraud of $13 Billion in 6 Months and They Want to Ban Bitcoin Because of Possibility of Fraud - 7Bitcoins
In only six months this year between April and September 5,743 cases of fraud were reported by the State-run banks in India. This is what Indias Finance Minister told legislators on 19 November adding that the amount of Fraud is Rs 95,760 crore ($13,34 billion) according to Reuters report. “Government has taken comprehensive measures to