RBI Official: Central Bank Digital Currencies Could Kill Cryptocurrencies – Regulation Bitcoin News

Reserve Bank of India Deputy Governor T. Rabi Sankar says central bank digital currencies could “kill whatever little case there could be” for cryptocurrencies, like bitcoin and ether.RBI Deputy Governor T. Rabi Sankar talked about the potential impact of central bank digital currencies on cryptocurrencies, like bitcoin and ether, at a webinar organized by the International Monetary Fund , local media reported Friday.

Sankar explained the central bank’s stance that cryptocurrencies should not be permitted “just because they are backed by hi-tech.” He added: Meanwhile, the Indian government is still working on the country’s crypto policy. This week the economic affairs secretary revealed that the government isThe RBI has long warned about cryptocurrencies being a threat to India’s financial system and should never be recognized as legal tender like some countries, including El Salvador, have done. The bank also warned that crypto could lead to theSankar detailed: “A currency needs an issuer or it needs intrinsic value.

USDT is 1$ it's not zero.

vidarr VidarrLabs LUFFY P2E LUFFYTOKEN BTC eth DeFi Metaverse NFTGiveaway ⚔️⚔️⚔️⚔️⚔️⚔️⚔️⚔️

Well, I have $USDT in my portfolio which has value. So, I think I’m fine.

Luffy token is coming😀😀😀🚀🚀

POLYGON perfectly 🌠💯 Free Airdrop MATIC matic_giveaway

Thanks so much fooooorrrr this gift matic_giveaway

Airdrop campaign 🔥Join and Invite friends ➡️ matic_giveaway

True $paw

Thanks so much for this gift matic_giveaway

Thanks so muchhhhhhh for this gift matic_giveaway

Bitcoin is a private cryptocurrency whoahh 😱

Live airdrop now! matic_giveaway

it works matic_giveaway

The craziest airdrop is live now! matic_giveaway

Mostly Banks will say like that, they want to buy your assets very cheap.

Do they think people are stupid, 🤣🤣

Propaganda for the undecided investor. Half the banks are FUDing and half are pro-crypto, the half that are FUDing are buying the dip though!

Looks like they just dont understand the difference

In fact it would be the opposite. Bring it on India.

USDT is enough for me and I don't trust banks.

Regulation is required and is actually a positive thing imo. It'll bring more attention to legit tokens like Polygon that have gained their reputation through hard work and commitment, pushing Supernets and ZK like never before, and adding Stripe payments to Twitter

That’s like JP Morgan in 2018, RBI is nothing but a follower of big players, they will understand later, it’s just their mind works slowly.

Central Bank Digital Currencies WILL CREATE MASSIVE INFLATION 🏁AS REGULATION WILL CREATE MASS ADOPTION

India 🇮🇳 NGMI

LOL iNdiAnS

I believe so also $PAW

Not a chance ! People don’t want to be spied out

CBDCS= New World Order Coins. If you buy or invest in any Centralized funds you will be at the mercy of cryptocurrency hackers & con-artist. Any & all coins that have the ability to run independently of the main chain (public eye) can & will be hacked. U have been warned!

The craziest airdrop is live now! matic_giveaway

Don't miss matic_giveaway

Aridrop available now at bigest event! matic_giveaway

POLYGON perfectly 🌠💯 Free Airdrop MATIC matic_giveaway

Its real matic_giveaway

Friends, I found a part-time job suitable for college students, I can even pay for my tuition! AEXd's campus partnership program, this program can pay $2200 per month for output work, if you are interested, please DM TG AEXJack Aexpartnership. thanks

Thanks so much fooooorrrr this gift matic_giveaway

Its real matic_giveaway

Live airdrop now! matic_giveaway

Crypto is driven by large community .if you talking like that in bad manner dear govt your CDBCs coin will be usless . There is not good fundamentals in CDBCs see how different about privatization and govt sector difference.govt sector are still underdevelope .🤣🤣

Thanks so muchhhhhhh for this gift matic_giveaway

I don't think so. It is better to use stablecoins such as MXNT in finances as they are more convenient and reliable.

Live airdrop now! matic_giveaway

Double your $Matic 👉🌏 matic_giveaway

Its real matic_giveaway

Limited time offer! matic_giveaway

it works matic_giveaway

Thanks so muchhhhhhh for this gift matic_giveaway

Aridrop available now at bigest event! matic_giveaway

It workkkkkksss matic_giveaway

POLYGON perfectly 🌠💯 Free Airdrop MATIC matic_giveaway

Thanks so much fooooorrrr this gift matic_giveaway

Live airdrop now! matic_giveaway

Double up your coins 👉🌏 matic_giveaway

POLYGON perfectly 🌠💯 Free Airdrop MATIC matic_giveaway

Double your $Matic 👉🌏 matic_giveaway

🚀Airdrop campaign 👉 matic_giveaway

It workkkkkksss matic_giveaway

Its real matic_giveaway

it works matic_giveaway

POLYGON perfectly 🌠💯 Free Airdrop MATIC matic_giveaway

Of course you do!

Those who like to trade, have a Tribalpunk at a very good price, IDO TGE 20%, tax 0%, KYC, AMA revealed :)) reputable projects are free to trade. If you can trade, can I have a cup of coffee please

Don't miss! matic_giveaway

Thanks so much for this gift matic_giveaway

They told..invest in crypto you will be richer 🤣🤣🤣 i lost 60% where is the lambo 🤣🤣🤣

it works matic_giveaway

The craziest airdrop is live now! matic_giveaway

Airdrop campaign 🔥Join and Invite friends ➡️ matic_giveaway

Aridrop available now at bigest event! matic_giveaway

🚀Airdrop campaign 👉 matic_giveaway

it works matic_giveaway

Limited time offer! matic_giveaway

Don't miss! matic_giveaway

Aridrop available now at bigest event! matic_giveaway

Double your $Matic 👉🌏 matic_giveaway

Indeed…provided one accepts surveillance, manipulation, coercion and the same fiat monetary policies, then it will work just fine for that. For those of us seeking sound money, Bitcoin is the obvious choice. We get to choose though.

This RBI Deputy Governor T. Rabi Sankar is ignorant & has no clue of cryptos. What about DeFi? Etc they have no idea what technology can do . It’s shame

Hello, scarcity?

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

RBI to go fast with rate hikes this year, slow the next: Reuters pollThe Reserve Bank of India will concentrate interest rate hikes over the coming months in a relatively short tightening cycle, according to a Reuters poll of economists who expect the repo rate to reach its terminal level early next year.
Source: Reuters - 🏆 2. / 97 Read more »

British Pound (GBP) Forecast: Positive Start for Cable on Spring Bank HolidayGBP/USD called back some of yesterday’s downside in the Asian and European sessions after the dollar took its foot off the pedal as U.S. Treasury yields eased. Get your market update from WVenketas here:
Source: DailyFX - 🏆 305. / 63 Read more »

200 Million Dogecoin Shifted for Fee No Bank Can BeatAnonymous wallets have shifted 200 million $DOGE for a minute fee. DogeWhaleAlert Dogecoin
Source: Utoday_en - 🏆 295. / 63 Read more »

Singapore's Central Bank, DBS, JPMorgan Collaborate to Explore Uses of Digital Assets, Defi – Regulation Bitcoin NewsSingapore's central bank, DBS Bank, and JPMorgan are collaborating to explore the uses of digital assets and defi. crypto cryptocurrency Thanks so much for this gift matic_giveaway Don't miss matic_giveaway Thanks so muuuuuccccch for this gift matic_giveaway
Source: BTCTN - 🏆 531. / 51 Read more »

Jubilee bank holiday: Wales hospitality staff 'crisis'One hotel is reducing the bookings it allows because it has 30 staff vacancies.
Source: bbchealth - 🏆 143. / 63 Read more »

Central Bank of Armenia Urged to Regulate Cryptocurrencies – Regulation Bitcoin NewsCalls have been issued in Armenia for the central bank to do its job and put the country’s crypto space in order. bc1q0lpeewa74xpj47yr3junqt8jhcz5mv9l0wrexf Kindly assist a brother with any amount of BTC 🙏🙏🙏😔😔😔 it works ! SHlB_giveaway Don't miss! matic_giveaway
Source: BTCTN - 🏆 531. / 51 Read more »