According to the latest updates on cryptocurrencies, top RBI officials have told a parliamentary panel on finance that cryptocurrencies can lead to dollarization of the part of the economy. The RBI officials also said that the dollarization of the economy would be against India’s sovereign interest. According to the sources, the central bank officials are of the view that cryptocurrencies impose bigger threat stability of a financial system. It is estimated that currently, India is having around 15-20 million crypto investors. Watch the entire video to know more about the recent developments.
SUBSCRIBE NOW for more such videos ►http://bit.ly/2LesD8T
For More Updates ► http://www.mirrornownews.com
Like us on Facebook ► https://www.facebook.com/MirrorNow
Follow us on Twitter ► https://twitter.com/MirrorNow
Follow us on Instagram ► https://www.instagram.com/mirrornow_in/
3 Comments
The president of centre for digital economic policy research is not aware that even foreign exchanges need to have KYC for Indian customers to be able to purchase aka exchange Indian fiat for crypto. Otherwise, payment gateways are blocked.
Hence the brain drain of Web3 minds from India.
For this problem government must introduced digital currency then all crypto customers all over world will buy our digital rupee instead of usd stable coin because its is government token currency people will have more faith on it.we see sky rocket in our rupee value.