RBI wants govt to prohibit cryptocurrencies: Sitharaman

“In view of the concerns expressed by the RBI on the destabilising effect of cryptocurrencies on the monetary and fiscal stability of a country, the RBI has recommended for framing of legislation on this sector. The RBI is of the view that cryptocurrencies should be prohibited,” finance minister Nirmala Sitharaman said in a written reply to the Lok Sabha.

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