Central Bank Cryptocurrency: Crypto Regulation Moving Along Globally18

2017’s wild crypto rally might seem like a distant memory, but the interest that it created in crypto regulation around the world is still unfolding. The Reserve Bank of India (RBI) is still working through the idea of an official crypto for India, but it looks like they are kicking the can down the road a little further.

According to the Hindu Business Line, the RBI is waiting to see how the peer-to-peer digital economy shapes up before making any definitive plans for an Indian Central Bank Digital Currency (CBDC). The RBI created an interdepartmental working group to study the benefits of a CBDC, but to date, little progress has been announced publicly.

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