Modi also called for the reform of multilateral organisations, such as the International Monetary Fund, as he expressed doubt on whether they are capable of addressing such new challenges.
RBI highlighted that these virtual assets pose a threat to customer protection, anti-money laundering efforts, and to the flow of capital at large
The group, however, said that blockchain technology should not be linked to cryptocurrencies only and the use of this technology in all spheres of economic or social activities must be encouraged.
Crypto investors welcome the Reserve Bank of India’s statement that says crypto isn’t banned in India
