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Cryptopolitan 2022-05-16 11:53:06

RBI, the Indian central bank, worries crypto could trigger dollarization of the economy

The RBI has been highly apprehensive about cryptocurrencies, telling the Parliamentary Committee on Finance that they could lead to the dollarisation of the economy and are inconsistent with India’s national interests. According to sources, top RBI officials have informed a parliamentary committee that cryptocurrency and its adherence to the dollar are detrimental to India because...

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