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Let’s hear from Raghuram Rajan on the subject of cryptocurrencies.

Raghuram Rajan, former Governor of the Reserve Bank of India (RBI), stated that cryptocurrencies will not be the final choice in a doomsday scenario when discussing the financial stability of green investments and cyber security concerns.

RBI: CBDC Becoming A Reality Soon In India

The Reserve Bank of India or RBI, is taking the steps to introduce its very own CBDC or Central bank digital currency.

Banks have discontinued links with Indian crypto exchanges after the RBI expressed displeasure.

The exchanges are trying to keep up after India's central bank, the Reserve Bank of India (RBI), warned banks to stay away from digital currencies, citing concerns about their influence on financial stability. According to social media and users, customer complaints have flooded all of India's primary exchanges as major payment gateways have pulled out, affecting transactions.
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