RBI RBI warns of crypto dollarization of Indian economy

RBI warns of crypto dollarization of Indian economy

– RBI is concerned about cryptocurrency leading to dollarization of the Indian economy
– RBI is concerned that cryptocurrency will seriously undermine the RBI’s ability to determine monetary policy and regulate the monetary system in India
– The Indian government has implemented a 30% cryptocurrency tax on digital asset holdings and transfers

RBI warns of crypto dollarization of Indian economy
RBI warns of crypto dollarization of Indian economy 3

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