The Reserve Bank of India has repeatedly reiterated its strong views against cryptos, saying they pose serious threats to macroeconomic and financial stability...
The PM did not elaborate on such fears in his speech delivered virtually to the Sydney Dialogue, a forum focused on emerging, critical and cyber technologies...
At the Sydney Dialogue he stressed on the need to must invest together in R&D of future technology and create a trusted manufacturing base and supply chains...
The statement comes within a few days of the Prime Minister holding a meeting on digital currency amid worries over misleading claims of huge returns on bitcoin investment...
An internal RBI report on crypto currencies will be ready only next month even as RBI governor Shaktikanta Das has reiterated his opposition to them...