Cryptocurrencies can lead to dollarisation of economy, RBI warns. Read here2 min read 15 May 2022, 04:38 PM IST
A member of the panel quoted RBI officials as saying: 'It will seriously undermine the RBI's capacity to determine monetary policy and regulate the monetary system of the country
Top Reserve Bank of India (RBI) officials have told a parliamentary panel that cryptos can lead to "dollarisation" of a part of the economy, which would be against the country's sovereign interest, according to a PTI report.
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