RBI says crypto not banned, but don’t bank on it

The central bank said this in a response to a petition filed by the Internet and Mobile Association of India (IAMAI), which wanted it to reconsider a 2018 circular directing regulated entities not to deal in cryptocurrencies. RBI said it had not banned crypto but only ringfenced regulated entities like banks from risks associated.

from Banking/Finance-Industry-Economic Times https://ift.tt/2tszMPF