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Reserve Bank of India Governor reiterates: Cryptocurrencies may pose significant risks to emerging economies.
The Governor of the Reserve Bank of India has stated that the central bank's position on cryptocurrencies remains unchanged. Cryptocurrencies may pose significant risks to emerging economies. The application of wholesale central bank digital currency will be expanded to areas such as transaction settlements. New areas will be added to the pilot projects of wholesale central bank digital currency, with a focus on enhancing the programmability of central bank digital currency to facilitate cash transfers in the retail sector. |
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