According to the latest updates on cryptocurrencies, top RBI officials have told a parliamentary panel on finance that cryptocurrencies can lead to dollarization of the part of the economy. The RBI officials also said that the dollarization of the economy would be against India’s sovereign interest. According to the sources, the central bank officials are of the view that cryptocurrencies impose bigger threat stability of a financial system. It is estimated that currently, India is having around 15-20 million crypto investors. Watch the entire video to know more about the recent developments.
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