India’s Central Bank Banned Cryptocurrency with Zero Research or Consultation

Source: CCN, originally published on .

https://www.ccn.com/indias-central-bank-banned-cryptocurrency-with-zero-research-or-consultation/.

The Reserve Bank of India has responded to a query seeking explanations for its reasons to ban banks from dealing with the cryptocurrency industry, admitting it conducted no research prior to its prohibitive action. In a Right to Information (RTI) request filed by a domestic lawyer Varun Sethi, the Reserve Bank of India was –

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