No research backing RBI's move to ban cryptocurrencies

In a response to the RTI application filed by a startup consultant, Varun Sethi, on April 9, the central bank said it does not have an internal committee that looks into VCs. However, the RBI is part of two different committees that have been constituted under the Ministry of Finance to study virtual currencies in India. The RBI responded saying “No” to questions related to formation of a committee within the regulator to understand the working of VCs. ET has seen the RTI response.

“The ..

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