The Reserve Bank of India Must Collaborate to Properly Regulate or Ban Crypto

The Reserve Bank of India wants to ban or limit crypto but it is Effective only with Significant International Collaboration.

India's Finance Minister Nirmala Sitharaman expressed in a speech at the Lok Sabha lower house of India's bicameral Parliament that crypto is a danger to international regulatory arbitrage and that it should be banned On Monday.

Thirumavalavan Thol a Parliament Member asked the finance minister whether the Reserve Bank of India has recommended framing suitable laws to restrict the use of cryptocurrency in India and whether the government has any plan to a law restricting the use of cryptocurrency in India.

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