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Django had an email backend that outputs the email to the console. Add this to your settings:
EMAIL_BACKEND = 'django.core.mail.backends.console.EmailBackend'
Also you can run a python SMTP server with:
python -m smtpd -n -c DebuggingServer localhost:1025
Please, check this https://docs.djangoproject.com/en/dev/topics/email/#testing-email-sending
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