RBI deputy makes case for crypto asset ban

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The best option to tackle risks posed by crypto assets in India is likely to be an outright ban, the Reserve Bank of India’s T Rabi Sankar said on February 14.

The RBI deputy governor reviewed the arguments typically made in defence of the crypto industry, concluding that “none of them stand up to basic scrutiny”.

The deputy’s forthright speech comes as other RBI officials have signalled a tougher stance on crypto and the government appears to be giving the central bank its backing on the

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