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India’s central bank wants to ban Cryptocurrencies, government says.

the central bank of india Cryptocurrency ban, the government said Monday it has raised more uncertainty about the future of nascent virtual digital assets in the world’s second-largest internet market in Congress. From the report: India’s Finance Minister Nirmala Sitaraman said the Bank of India was concerned about the “destabilizing effects of cryptocurrencies on the country’s monetary and financial stability” and recommended “to prepare legislation for this sector”. he said “The RBI is of the view that cryptocurrencies should be banned,” she added. She added that “significant international cooperation” is needed to enact laws to regulate or ban cryptocurrencies.

India’s central bank wants to ban Cryptocurrencies, government says.

Source link India’s central bank wants to ban Cryptocurrencies, government says.

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