The Reserve Bank of India (RBI) has released an important report on the cryptocurrency industry.
The report, published on March 17, praised the innovative distributed ledger technology linked to digital currencies, while praising cryptocurrencies. requesting the arrangement applications refused and completely ban should told.
RBI’s main concern is India’s spherical as a force The disruption of the rise is due to digital assets Said to have potential.
RBI said in a statement on the subject:
Historically, private currencies have always resulted in instability. Current technology allows it, regardless of the disruption it causes to the social and economic structure of my society.
said.
According to the central bank, the increase in the adoption of cryptocurrencies can replace the Indian rupee potentially dangerous. For this reason, the RBI believes that cryptocurrencies are their own money. would hinder control over its policies. is thinking.
While RBI wants to ban cryptocurrencies completely The Indian government just wants it regulated.