Reserve Bank of India Quietly Opens Cryptocurrency Research Unit

[kreslik.news]

The Reserve Bank of India has formed a cryptocurrency research unit, according to the Economic Times of India.

According to sources familiar with the matter, the unit was formed without announcement, and is now about a month old. The identity of the group’s leader is also not revealed. Sources say that the unit could possibly draft rules for the supervision of new technology in the future.

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This could signal a turnaround in the Indian government’s view of cryptocurrency, which has been very since last year negative.

The RBI first set up a ... (read more)