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.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now