RBI wants full ban on crypto, legal experts say it is too late.
The RBI has consistently resisted crypto as it has concerns related to financial stability. The central bank’s monetary policy would be less effective if crypto is allowed to move freely. Virtual currencies would also undermine banks and other regulated entities. Other concerns about crypto include extreme price volatility and difficulty in tracing transactions.
RBI wants full ban on crypto, legal experts say it is too late.
The RBI has consistently resisted crypto as it has concerns related to financial stability. The central bank’s monetary policy would be less effective if crypto is allowed to move freely. Virtual currencies would also undermine banks and other regulated entities. Other concerns about crypto include extreme price volatility and difficulty in tracing transactions.