Reserve Bank of India insists on banning digital currencies

In 2018, the Reserve Bank of India banned any operations with digital currencies in the country. However, the Supreme Court ruled the regulator’s decision illegal and annulled it.
After that, the Indian authorities began to work on the creation of a regulatory framework for the cryptosphere. The government chose the toughest version of the legislation. As a result, investor activity on exchanges dropped sharply.
Central Bank of India Governor Shaktikanta Das told ET Now this week that the regulator continues to advocate a complete ban on bitcoin and other virtual currencies.

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