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Regulate, ban or let them implode: RBI’s three options for crypto

  • The RBI stated that developing a worldwide framework for crypto assets, which may include the prospect of outright prohibiting unbacked crypto assets, “stable coins,” and decentralised finance, is one of the goals during India’s G20 presidency.
  • Allowing crypto assets to “implode” is one of the choices the Reserve Bank of India (RBI) has.
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