RBI called data on Cryptocurrency misleading – Katoch Tubes

RBI and crypto regulations

About RBI

RBI or the Reserve Bank of India is the central bank of the country. It's also responsible for the rollout of Indian CBDC

RBI vs Cryptos

RBI is totally against cryptos. It has banned cryptocurrency in India in the year 2018. The rule was turned over by High Court in 2020

Misleading Data

RBI deputy governor T Sankar stated that most of the data related to cryptocurrency is either inadequate or misleading.

Meeting with IMF

He further stated in a virtual meet with IMF members that for regulations, stakeholders needs sufficient, trustworthy, and consistent information

Furthur Push to CBDC

RBI is further pushing CBDC pilot launch in both wholesale & retail sectors. CBDC is a digital currency based on blockchain technology.

RBI CBDC launch

Swipe up to learn RBI CBDC initiative.

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