RBI wants govt to ban cryptos: Union finance minister Nirmala Sitharaman - Hindustan Times

Currently, cryptocurrencies are unregulated in India and the government is in the midst of consultations to draft a legislation regulating hem. RBI has been apprehensive about cryptocurrencies because of their cryptic nature and absence of any intrinsic value.

Union finance minister Nirmala Sitharaman on Monday said the Reserve Bank of India (RBI) is in favour of banning cryptocurrencies because it is concerned about their destabilising effect on monetary … [+3469 chars]

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