The U.S. must keep up with crypto technology to maintain global economic influence.
The RBA official thinks it’s plausible that crypto becomes “niche” once stablecoins and CBDCs are in full force.
A digital currency is an offshoot of a legal tender issued by the central bank with potential wide use by households and businesses.
The Indian Prime Minister said crypto can “spoil our youths" if "in the wrong hands."
The central bank also warned against the excessive use of crypto-based leverage trading.
ChainNews, Odaily, and Block123 were unavailable on Nov. 17.
There are far deeper issues involved with cryptocurrencies, RBI’s Shaktikanta Das said.
The Modi government will also ban active solicitation from crypto firms, such as ads.
The NDRC said a new stage in its crypto mining crakcdown is coming as it pursues a development plan for Chengdu and Chongqing.
Nigeria launched its central bank digital currency in late October.