RBI: Partial ban on crypto won’t work - Shahpur Turk CSC - Common Service Centre in Sonipat RBI: Partial ban on crypto won’t work

18 December 2021

RBI: Partial ban on crypto won’t work

RBI: Partial ban on crypto won’t work















RBI: Partial ban on crypto won’t work


The Reserve Bank of India (RBI) has said in a presentation to its central board that a ban on cryptocurrencies needs to be total and partial restrictions will not work. In the presentation, senior officials highlighted the issue of trackability of transactions, valuation of cryptos, the extreme price volatility, legal issues and identifying the various actors in the crypto transaction chain as areas of concern.

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