RBI cites ‘Investor Protection’ for banning Cryptos

RBI- Banning Cryptos

The Reserve Bank of India (RBI) stated that the ‘investor protection’ has been an important factor for banning crypto trade in India. This came as a two-page response to the Internet and Mobile Association of India (IAMAI). The Supreme Court ordered the bank to respond to the petition filed by the IAMAI on banning banks from dealing in cryptos.

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