Friday, 24 March, 2023

RBI suggests complete ban on cryptocurrencies, experts say too late

<p>Earlier in Dec, the RBI told its board that a complete ban on crypto was needed. RBI has consistently resisted crypto as it has concerns related to financial stability. Extreme price volatility and crypto&#39;s difficult-to-trace transactions are some of the other concerns about the digital currency. Legal experts said that it is too late to ban crypto. They added that the government&#39;s approach towards digital currencies should be balanced.<br /> &nbsp;</p>