06
Jan
Reserve Bank of India (RBI) had never lent out any sort of recognition nor any support to digital currencies ever, however, it has been continuously discouraging Indian to beware of them because they are instruments of “fraud” and “consumers’ nightmare”. It recently shared the same point of view when RBI said that engaging with cryptocurrencies may lead to consumers’ nightmares and expose them to risks of fraud and extreme volatility. The Financial Stability Report has recently been compiled and made public by the Reserve Bank of India (RBI). The report is comprehensive in nature as it expands over 150 pages…