RBI clarifies Crypto’s stance in India

RBI clarifies Crypto’s stance in India

The Reserve Bank of India (RBI) has clarified its stance that bitcoins cannot be categorized under a legal regime. It emphasized that the cryptocurrencies are neither money nor currency and that they cannot be considered as a valid payment system. The Supreme Court is to hear the case on 17th September. The court has also previously warned about the potential risks.

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