As countries, especially developed economies, are paying accelerating efforts on developing official digital currencies, India has also repeated its intention to follow up the agenda, with latest efforts on weighing a new law to ban private crypto-currencies and to pave the way for official digital currency issuance. However, with currently insufficient financial and technological prerequisites, it may not be a mature decision for India.
India considers to roll out a law to ban private crypto-currencies including bitcoin, which will "create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India (RBI)," media reports said, citing an official statement.
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India considers to roll out a law to ban private crypto-currencies including bitcoin, which will "create a facilitative framework for creation of the official digital currency to be issued by the Reserve Bank of India (RBI)," media reports said, citing an official statement.
Read more