Today latest news is rbi ban bitcoin & cryptocurrency in India. full update in Hindi.
Finance Minister Arun Jaitley had already earlier said that the Indian government doesn’t consider cryptocurrencies as legal tender and will take all measures to eliminate payments using them.
RBI said that it will issue detailed guidelines in a circular soon.
India isn’t giving up on the idea of a virtual currency completely. In line with central banks around the globe, the RBI too is mulling introducing a fiat digital currency. “These are issued by the central bank and are considered the liability of the central bank,” Kanungo said. “They will be in circulation in addition to the paper currency that we have. It also holds the promise of reducing the cost of printing notes.”
Accordingly, the RBI has constituted an interdepartmental committee that will submit a report on the feasibility of a fiat digital currency. The committee will submit its report by June-end.
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