RBI Governor says India remains cautious on crypto while backing blockchain
- RBI Governor Sanjay Malhotra said India continues to take a cautious approach towards cryptocurrencies.
- He said India supports technologies behind crypto, such as blockchain, tokenisation and distributed ledgers.
- The RBI is concerned that widespread crypto use could affect India’s control over money, monetary policy and movement of funds across borders.
- As of now, India is exploring its own digital currency to make international payments faster, cheaper and easier.
Source: telanganatoday.com
Get 100 stories a day on the app
Read, watch & listen · Free on iOS & Android
