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Several countries have taken a cautious approach to cryptocurrencies, but few have gone to the extent of dissuading their use like India has done
Bitcoin declined as much as 9% to $4,958, while so-called alternative coins slumped even more, with Ether tumbling as much as 12% and Litecoin cratering as much as 13%
Economies around the world are becoming increasingly cashless as credit and debit cards or even mobile phone apps are used as modes of payment