Mumbai, April 6, (way2newstv.com):
The RBI has further tightened the rules to curb the use of virtual currency. Most central banks in the world are discussing the introduction of FiaT Digital Currency. The issuance of these central banks is legitimate. These are likely to be in circulation, along with the existing paper currency. On the other hand, Piot 2 has set up a group 2 to pursue a faculty study in order to study the digital currency. This team is studying on the Central Bank Digital Currency 2 and submits its report by June-end. RBI regulators decided to save companies from virtual currencies.
RBI ACTIONS TO PREVENT VIRTUAL CURRENCY
Banks will have to withdraw virtual currency transactions. The current relationship with them will end in three months. The cost of printing is due to the fiat currency managed by Central Bank. Preparing with Black Chain Distributed Ledger Technology for digital currencies like bitcoins. But the virtual currency, like bitcoin, is not governed by governments. Only in the hands of private persons, they were left without security. As a result, it is going to be a bit of action for bit coin as there are more opportunities for money laundering.
