India’s RBI Officials Warn of Dollarization of Economy if Cryptos Are Embraced
20 Mayo 2022 - 8:43AM
ZyCrypto
Top Reserve Bank of India (RBI) officials have told a parliamentary
committee that the adoption of cryptocurrencies can lead to the
dollarization of the economy to some extent. It will undermine the
central bank’s ability and freedom to effectively implement
monetary inputs and interventions. “It will seriously undermine the
RBI’s capacity to determine monetary policy […] ...
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India’s RBI Officials Warn of Dollarization of
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