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Reserve Bank of India Officials Warn About the Dangers of Crypto on the Economy

As crypto adoption continues to grow globally, the Reserve Bank of India (RBI) has warned that cryptocurrencies have the potential to dollarize sections of the Indian economy, according to a report from PTI on Monday. The report detailed that top RBI officials, including Governor Shaktikanta Das, “clearly expressed their apprehensions about cryptocurrencies” at a briefing […]

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IMF Commends India for Strict Crypto Regulatory Undertaking

The Financial Counselor and Director of the International Monetary Fund (IMF)’s Monetary and Capital Markets Department, Tobias Adrian, commented on India’s approach to regulating cryptocurrency in an interview with PTI Tuesday, during the 2022 spring meeting of the IMF and the World Bank. The IMF executive noted that for India, “regulating crypto assets is certainly […]

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