India Banning Cryptocurrencies Could Backtrack the Nation in Financial Innovation

By Wayne Jones

India sign saying Bitcoin Banned

India sign saying Bitcoin BannedIndia changed a banking ban on crypto trading in March 2020. The government has openly spoken about introducing its cryptocurrency while banning others in the unknown Crypto and Regulation of Official Digital Currency 2021 Bill. On Wednesday, Reserve Bank of India (RBI) Governor Shaktikanta Das said cryptocurrencies could harm financial stability, thus impacting the economy.

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