RBI tells board it favours a complete ban on cryptos

December 20, 2021 12:08 PM

The Reserve Bank of India (RBI) conveyed to its central board that it favours a complete ban on cryptocurrencies, The Economic Times reported.

In a detailed presentation, RBI highlighted "serious concerns" relating to financial stability and exchange management.

As per RBI's statement, "The board discussed various aspects relating to central bank digital currency and private cryptocurrencies."

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