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The only digital currency in India will be state-backed The Reserve Bank of India (RBI) has announced new measures banning banks under its control from investing in crypto-currency markets, while at the same time launching a study on a crypto-currency it will back. "In view of the associated risks," the RBI said in a statement, "it has been decided that, with ...
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Experts Want India To Take A Clear View On The Virtual Currency Debate The Reserve Bank of India's decision to bar banks and financial services companies from dealing in virtual currencies or related entities will hurt innovation, besides leaving stranded those who had bought such assets or built businesses upon them. At least according to the fintech and payments industry ...
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RBI must ensure safety of proposed cryptocurrency: Assocham Welcoming the RBI's move to explore introduction of an official virtual currency in India, industry chamber Assocham on Sunday cautioned that extreme ... including banks, from dealing in virtual currencies like bitcoins, the Reserve Bank of India said on Thursday that it is exploring a "fiat digital currency".
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