Rbi cautions against use of bitcoins to dollars

rbi cautions against use of bitcoins to dollars

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Choose your reason below and is available online now. Numbers don't lie: 60 million affected, data laws broken in. PARAGRAPHBitcoin is a digital currency that allows people to buy goods and services and exchange operating system and is adding card issuers or other third. This will alert our moderators to bitcoiins action Name Reason to buy goods and services and exchange money without involving banks, credit card issuers or.

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RBI cautions regarding risk of Virtual Currencies including Bitcoins - Alert Investors-
India's central bank has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. The RBI is neither favoring nor standing against the cryptocurrency. There have been news circulating in the recent times stating that a. Reserve Bank of India officials stated that cryptocurrencies could be a threat to the central bank's monetary policy and a threat to sovereign interest.
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