The RBI move will be a big respite for those Indians who have invested in cryptocurrencies like Bitcoin and Ethereum. RBI's stand on cryptocurrenciesThe RBI which is against virtual cryptocurrencies has warned people against such currencies several times in the past. The Reserve Bank of India's 2018 position was in view of the associated risks with cryptocurrencies. Now, the Reserve Bank of India (RBI) has indicated it is getting ready to launch its own digital currency. "Central bank digital currency is a work in progress.

Source: dna June 01, 2021 14:03 UTC