India's central bank calls for cryptocurrency ban

It doesn't look, smell, or behave like money, but it's far more dangerous, says finance minister

According to Sitharaman, RBI does not view cryptocurrencies as currencies at all, as they are not issued by the central bank or government.

Also of concern is the borderless nature of cryptocurrencies. Any legislation, regulation or banning of the alterna-cash would require"significant international collaboration" on both risk evaluations and the establishment of standards.

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