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RBI warns crypto can lead to ‘dollarisation’ of economy

Shortpedia

Content Team
Image Credit: Inc42

Multiple top officials from the Reserve Bank of India have told a parliamentary panel that cryptocurrency can lead to the ‘dollarisation’ of a part of India’s economy, which can hurt the country’s sovereign interest. According to a PTI report, the RBI governor Shaktikanta Das, along with other top officials, briefed the Parliamentary Standing Committee on Finance chaired by former minister of state for finance Jayant Sinha.