India: RBI Governor claims Bitcoin may become mainstream in the near future

Tuesday 30 December 2014 10:34 CET | News

Raghuram Rajan, the Governor of the Reserve Bank of India (RBI), has argued that Bitcoin will undoubtedly be adopted by the society in the near future, reports.

Moreover, he stressed that the cryptocurrency may help the local market turn into a cashless society.

However, in 2013, the RBI declared that all domestic Bitcoin exchanges were not and would not be regulated. The Banks alternative protection for consumers was instead to warn the public not to invest in digital currency due to the perceived risk of losing their money.

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Keywords: India, RBI, governor, Bitcoin, cashless society, adoption, digital currency, cryptocurrency, user, citizens
Categories: DeFi & Crypto & Web3
Countries: World
This article is part of category

DeFi & Crypto & Web3