India's central bank RBI still has serious concerns in relation to cryptocurrency - regulation

We have serious, great concerns about the cryptocurrency in terms of financial stability, [and] have transmitted the same to the Indian government.

This is not the first time that the RBI boss expresses concerns about cryptocurrencies. In June he similarly : "We have given great concerns about the cryptocurrency that we have given the government in relation to the advice of Central banks do not provide investment advice.

India Finance Minister Nirmala Sitharaman in July: "The cabinet scores are ready. Cabinet can pick it up and think about it so that we can then move it. ”

The Economic Times reported last week that the Indian government still works on the regulation of cryptocurrencies and plans to use it as raw materials "> and rules per application.

This week the chairman of the permanent finance committee of India, Jayant Sinha, unique circumstances of the country to be "unmistakable and unique". It will not follow countries such as the USA, Japan or El Salvador, which have recently introduced Bitcoin legal means of payment .

In the meantime, the RBI announced that a digital rupien model up to the end of the year target = "_ blank" href = "https://news.bitcoin.com/indias-central-central-central-central-digital-digital-in-phases/" Rel = "noopener"> phases .

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