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VIEW: RBI concerns on bitcoin valid, but official cryptocurrency a silly idea
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cnbctv18.comWith the legislation on regulating shelved for the winter session of the Parliament, speculation is rife on the contours of the future status of the cryptocurrencies’ ecosystem in India. The RBI governor has made it amply clear that allowing private cryptocurrencies (hereinafter referred to as bitcoin both in the metaphorical sense as well as in the real sense depending on the context) is fraught and hence they need to be banned.At the same time, it avers, the demand for cryptocurrency should be catered to, and not stifled, with an official or sovereign cryptocurrency.
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