
RBI recommends ban on cryptos: FM to Parliament
RBI had observed digital currencies “will have a de-stabilising effect on the monetary and fiscal stability of a country”, due to their volatility, the FM said.
RBI had observed digital currencies “will have a de-stabilising effect on the monetary and fiscal stability of a country”, due to their volatility, the FM said.
Cryptos need to be tested out in a project mode in a sandbox environment rather than banned outright, says CII's Sanjiv Bajaj.
RBI Deputy Governor T Rabi Shankar warned that cryptocurrencies threaten the financial sovereignty of a country, making it susceptible to strategic manipulation
RBI governor Shaktikanta Das earlier cautioned that private cryptocurrency is a big threat to India's macroeconomic and financial stability.