Shutterstock
Main page News, India, Crypto Market, Regulations, Cryptocurrency
Hot topic
Dec. 7, 2019

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.

Indian Ministry of Defence Wants to Use Blockchain

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.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Strawberry Cake Media Corp. © 2024 Cookie Policy Editorial team Archive

ihodl.com is an illustrated edition about cryptocurrencies and financial markets.
Every day we publish the best materials for everyone interested in economy.