Cryptocurrencies Can Result in Dollarisation of Indian Economy, RBI Officials Said to Warn Parliamentary Panel

Cryptocurrencies can lead to dollarisation of a part of the economy which would be against India’s sovereign interest, top officials of the RBI are said to have warned to a parliamentary panel. Briefing the Parliamentary Standing Committee on Finance, top officials of the RBI pointed out that cryptocurrencies have the potential to be a medium of exchange and replace...

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