Hindustan Times ·
Centre opposes cryptocurrency regulation over investor risks
The finance ministry told the standing committee on finance that it wants to instead push the Reserve Bank of India’s Central Bank Digital Currency.
The Union finance ministry ruled out setting up any regulatory regime for cryptocurrency, arguing that this could lend legitimacy to the sector and create a false sense of security for investors.
The finance ministry told the standing committee on finance that it wants to instead push the Reserve Bank of India’s Central Bank Digital Currency (CBDC) or the e-Rupee, with an eye on making this the medium for the delivery of welfare benefits.
