RBI Bulletin The Reserve Bank of India issues a bulletin every month. RBI issued the bulletin on Wednesday. In this bulletin, RBI has cautioned crypto investors.
RBI said that crypto inspires speculation. Let us tell you that crypto is not recognized in India. Let us know in detail in this report.
The objectives of cryptocurrency have been highlighted in the bulletin issued by the Reserve Bank of India (RBI). RBI has once again warned of caution regarding crypto. The bank has said that retail investors need to be careful. It is believed that if crypto becomes a digital currency, then the financial system may face risks.
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According to the bulletin issued by the central bank, crypto is not a means of financial transactions but is motivated by speculative purposes. In such a situation, RBI has expressed uncertainty.
RBI Governor Shaktikanta Das had also said that crypto is a kind of speculation. India needs to be cautious about such speculation.
What is cryptocurrency
Cryptocurrency is a type of digital asset. It is designed to be used on the Internet. The specialty of this asset is that no one can track it.
Currently, cryptocurrency has given better returns. According to many experts, crypto has given multibagger returns. Crypto is not legal in India. Despite this, many investors invest in it.
