Today news
About the same in other media
Private cryptocurrencies pose immediate risks, prone to frauds, says RBI FSR report
Reading now: 327
Private cryptocurrencies pose immediate risks to customer protection and anti-money laundering (AML) and combating the financing of terrorism (CFT), the Reserve Bank of India (RBI) Financial Stability Report (FSR) noted on December 29.
"They are also prone to frauds and to extreme price volatility, given their highly speculative nature. Longer-term concerns relate to capital flow management, financial and macro-economic stability, monetary policy transmission and currency substitution," the report said.
These comments assume significance in the context of ongoing debates on whether India should ban private cryptocurrencies or not. The RBI, time and again, has highlighted the deeper macroeconomic concerns posed by the unregulated private
Read more on moneycontrol.comAbout this in other media
Budget 2022 must bring more clarity to the cryptocurrency sector moneycontrol.com /2 years ago
Polytrade announces listing on cryptocurrency exchange CoinDCX moneycontrol.com /2 years ago
IC15, India's First Cryptocurrency Index: Key Things To Know ndtv.com /2 years ago
Show more
The website finance-news.co is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
