Hindu paramilitary group asks Indian government to regulate cryptocurrencies - regulation
Hindu paramilitary group asks Indian government to regulate cryptocurrencies - regulation
The Hindu nationalist group Rashtriya Swayamsevak Sangh (RSS) has asked the Indian government to regulate cryptocurrencies. "The government must ensure that it is regulated in the greater interest of the company," said the group reported.
Rashtriya Swayamsevak Sangh demands crypto regulation
Mohan Bhagwat, head of the Rashtriya Swayamsevak Sangh (RSS), said during his speech at an annual event for the Hindu festival of Dussehra on Friday:
secret, uncontrolled currencies such as Bitcoin have the potential to destabilize the economy of all countries and to face serious challenges.
The RSS is a Hindu nationalist paramilitary group that in 1925 by Dr. Keshav Baliram Hedgewar was founded in Nagpur. According to the group's website, every Hindu man can become a member of the group by participating in an RSS-Shakha, a daily meeting. There is no formal membership procedure and there are no fees for membership.
On the group's website, it continues that the RSS does not record the number of members. However, it is pointed out that in March 2017 57,185 RSS-Shakhas were held every day at 36,729 places (including rural and urban), in addition to weekly meetings at 14,896 places and monthly meetings at 7,594 locations in Bhararst. According to the Muslim Mirror, there are now more than 10 million active RSS members across India and over 100 connected organizations. Prime Minister Narendra Modi was also a member of the group.
bhagwat was also with the Words: "I have no idea which country regulates a currency like Bitcoin or whether there are rules for it." He added:
The government must ensure that it is regulated in the greater interest of the company.
The Indian government is currently working on a cryptocurrency law. In July, Finance Minister Nirmala Sitharaman said that the crypto calculation was ready for the cabinet . In September, Jayant Sinha, a legislator of the governing Bharatiya Janata Party, announced that the cryptocurrency legislation unique .
Die Reserve Bank of India (RBI), however, continued to " Serious concerns ". In addition, the RBI is working on a digital central bank currency (CBDC), which in phase . The central bank expects to the end of the year .
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