India: Regulatory Bodies Fear Cryptocurrency’s Impact on Rupee

Bitcoin Push Rupee Cliff Fall Red Orange

According to a Quartz report published February 4, 2019, the Indian government is skeptical regarding the possible implications of cryptocurrencies on the Indian Rupee, fearing that digital currencies might destabilize the national currency. Regulatory Panel Hesitant of Cryptocurrencies The Indian government has long had a strict stance towards cryptocurrencies, often citing the possibility of them

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Source: BTC Manager