India’s central bank has recommended that Prime Minister Narendra Modi’s government regulate or ban cryptocurrencies, but the country may need international collaboration to make a potential ban effective, the nation’s Finance Minister Nirmala Sitharaman said in a written response to a question in the lower house of the Parliament, local media outlets reported.
“In view of the concerns expressed by the RBI [Reserve Bank of India] on the destabilizing effect of cryptocurrencies on the monetary and fiscal stability of a country, the RBI has …
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