India's central bank still has its doubt about cryptocurrencies, even though the Indian government is looking to soften its stance

[admin]

Like many central banks, India’s problem seems to be around the fact that cryptocurrencies aren’t controlled by a central authority.

Even though the Indian government is reportedly softening its stance towards digital assets, RBI is not.

During a webinar organised by the Vidhi Centre for Legal Policy – a top advocacy group in India – T Rabi Sankar, Deputy Governor, Reserve Bank of India (RBI) explains why private cryptocurrencies don’t add up.

India finally explains its problem with private cryptocurrencies and why it...

[IAmLambo]

Basically India isn’t going to take a call on this until there’s an actionable impact. And, at the end of the day, there’s money coming in. Coinbase’s plans to expand operations in the country, new startups – it’s creating growth. Snuffing out crypto would mean snuffing out an emerging sector of the economy that’s looking to the future.