New Delhi: Finance Minister Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on the monetary and fiscal stability.
...RBI wants govt to prohibit cryptocurrencies: Sitharaman
The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the government, Finance Minister Nirmala Sitharaman said.