In the document i Report on the Tendency and Development of Indian Banking in 2017-18 “:

Iyor Crypto assets are not at risk for global financial stability at this time. However, the market continues to develop rapidly. This initial assessment may change if the crypto assets are more widely used or linked to the essence of the regulated financial system.

The RBI reported the results of a recent report by the Financial Stability Board (FSB), an international agency consisting of banking and financial institutions from different countries, including India. RBI is a member of the FSB together with the country's Securities and Exchange Board and Ministry of Finance.

In his study of the medik crypto-wealth markets: potential channels for future financial stability practices zaman published in October, the FSB claimed that bankers did not see any significant danger to the crypto currencies, which until then reached almost 2 percent of their global gold value. However; the board warned its followers to follow the digital money markets carefully due to the rapid growth.

This statement of the RBI, as reported in the December report, was repeated, citing the need for işlem continuous monitoring şekil, given the rapid expansion of crypto operations in recent years.

The legal framework for crypto currencies in India remains unclear, because the RBI officially stopped all banks from dealing with crypto currencies in April. While the actual prohibition came into force in June, the Supreme Court's hearings on the case initiated by local crypto companies have been postponed many times. Same time; The Indian government was reported to consider full ban on crypto in a panel.

Failure of the Laxmi Experiment

Initially, RBI was considering launching its own digital currency central bank, called ı Laxmi Başlangıç. But in January the bank gave up the idea of making a stable coin connected to the rupee, noting that it was too early to even think.

On 3 January; The Jammu and Kashmir state police department has warned that the public should not make a crypto investment because they contain esi high risk J to the public. Officials also added that digital currencies are not regulated by the Indian government.

Source: cointelegraph