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In a meeting chaired by. This will hamper the ability been skeptical about these currencies threat to the Indian rupee.
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| Rbi cautions against use of bitcoins price | The RBI has repeatedly reiterated its strong views against cryptocurrencies since it gained popularity in India following a sudden boom in Bitcoin prices. In a relief for the crypto community, the Reserve Bank of India RBI issued a clarification on Monday stating the commercial banks cannot quote its now-invalid April crypto banking ban to deny services to customers involved in digital assets dealings. An earlier committee headed by former finance secretary Subhash Garg in recommended a blanket ban on cryptocurrency trade. A newspaper advertisement in October claimed that Rs 6 trillion has been invested in cryptocurrencies by Indians. The central bank said that banks cannot refer to its April circular to caution their customers against trading in cryptocurrencies. |
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BITCOIN IS PUMPING BUT BE WARNED!!!!India's central bank chief delivered a stark warning against investing in cryptocurrencies, saying they lacked the underlying value of even. It's a huge vote of confidence to crypto by RBI amid reports of India planning a complete ban on crypto trading. "It has come to our attention. NEW DELHI: A number of bitcoin operators in India have begun suspending their business following RBI's warning against use of such virtual.
