Reserve Bank of India

India's central bank, the Reserve Bank of India (RBI), is worried about the effect of cryptocurrencies in the region. The bank is also developing the digital rupee as it looks to join the list of countries with Central Bank Digital Currencies (CBDC).  Crypto Concerns from India's Apex Bank   RBI governor Shaktikanta Das echoed this latest concern in an interview with local news outlet CNBC TV-18 on Wednesday. Das revealed that the bank had significant problems with cryptocurrencies and had informed…

In a recently released booklet titled "Payment and Settlement Systems in India: Journey in the Second Decade of the Millennium," by the Reserve Bank of India (RBI), the apex bank revealed it's considering the possibility of launching a central bank digital currency. Like most individuals and institutions who were once skeptical about joining but are now in the crypto community, the Indian regulators still doubt the digital currency system. They are hesitant about adopting the approach owning to the risks…