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RBI tells parliamentary panel that virtual digital assets like cryptocurrency a threat to economy
The Reserve Bank of India has informed a parliamentary panel that virtual digital assets like cryptocurrency pose a threat to India's developing economy and should not be legalized. Citing concerns over potential use in illegal activities such as terror funding and drug smuggling, the central bank highlighted the difficulty in regulating offshore crypto entities. While some nations have banned such assets, others have implemented strict regulations.
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economictimes.indiatimes.com
RBI tells parliamentary panel that virtual digital assets like cryptocurrency a threat to economy
The Reserve Bank of India has informed a parliamentary panel that virtual digital assets like cryptocurrency pose a threat to India's developing economy and should not be…
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RBI backs crypto containment and keeps ban on table, officials tell house panel
The Reserve Bank of India has strongly advised a prohibition strategy for crypto assets, recommending that banks and financial institutions be completely shielded from them.…
