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In 2018, the reserve bank of india had banned banks from processing transactions relating to cryptocurrency. However, in march last year, the supreme court had lifted the ban. In recent years, bitcoin and other tokens have gained wider acceptance with institutional investors indulging in trade. Chris wood, global head of equity strategy at jefferies, recently cut exposure to the yellow metal and gave 5 per cent allocation to bitcoin in his portfolio. He warned that in the wake of developed economies embracing cryptocurrencies, resistance from regulators will result in india losing out on the global technological race. Now, they are rallying behind tesla’s decision and making a case for acceptance for bitcoin and other digital currencies back home. Real-time last sale data for u.S. Stock quotes reflect trades reported through nasdaq only. Ether climbed 11% to a price of more than $1,700 on friday, according to data from coindesk. In response to the question, thakur said cryptocurr...