Reserve Bank of India Says Its Cryptocurrency is Coming Eventually
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Dec. 7, 2019
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The Indian’s central bank (Reserve Bank of India, RBI) is planning to launch it sown cryptocurrency, a local news outlet Inc42 reports citing RBI's statement.

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According to the Governor of RBI Shaktikanta Das, the cryptocurrency issuance will not be performed only by one private company in order to avoid money laundering issue.

In addition to that, Das highlights that RBI "is against any private cryptocurrency in the country."

It's still unknown when India reveals its cryptocurrency as Das says the development process is in the "too early" stage right now.

Earlier iHodl reported that India decided to postpone a plan to issue Central Bank Digital Currency (CBDC), because "the government doesn’t want the digital currency anymore."

However, the Indian’s central bank (Reserve Bank of India, RBI) previously released a report stating that cryptocurrencies do not pose, currently, a threat.

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