Cryptocurrencies Can Result in Dollarisation of Indian Economy, RBI Officials Said to Warn Parliamentary Panel

Cryptocurrencies Can Result in Dollarisation of Indian Economy, RBI Officials Said to Warn Parliamentary Panel

Cryptocurrencies can lead to “dollarisation” of a part of the economy which would be against India’s sovereign interest, top officials of the RBI have told a parliamentary panel, according to sources. Briefing the Parliamentary Standing Committee on Finance chaired by former minister of state for finance Jayant Sinha, top officials…