RBI said that it is seriously thinking about developing a sovereign digital currency in the country and will be releasing it appropriately.
However, the RBI’s stance on the ban of private cryptocurrency still remains the same.
Furthermore, he said that RBI is against any private digital currency in the country.
However, the RBI has held internal meetings and discussions with central banks to potentially launch India’s own digital currency.
While Dubai, Venezuela, and few other countries have already made their plans official, India’s crypto plans and developments have rather been on a slow track.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
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