2018-6-13 00:03 |
Shri Varun Sethi, who presents himself as a “blockchain lawyer,” requested clarifications from RBI under the country’s Right to Information Act.
According to the answers provided, the decision didn’t result from any kind of special research or deliberation by the regulator.
For example, officials aid “no” when asked whether the central bank had convened a commission to explore the nature and risks of blockchain tech.
And while past publications from the RBI reference reports regarding the use of cryptocurrencies for illicit uses, the central bank declined to identify which ones it pointed to.
The latest twist comes months after central bank officials in India said that the companies it regulates can’t deal with cryptocurrencies.
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