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Allowing cryptocurrency may erode central bank's control over money supply: Former RBI Guv
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Duvvuri Subbarao has said the central bank could lose control over money supply and inflation management if cryptocurrency is allowed in the country. Speaking at a webinar organised by the National Stock Exchange (NSE) and New York University (NYU) Stern School of Business, Rao also said India's case for issuing a central bank digital currency (CBDC) may not be strong as there are capital controls.
Read more on economictimes.indiatimes.comAbout this in other media
In favour of complete ban on cryptos: RBI to Central Board economictimes.indiatimes.com /3 years ago
Reserve Bank Of India (RBI) Central Board Discusses Cryptocurrencies, Internal Members Not In Favor ndtv.com /3 years ago
Allowing cryptocurrency may erode central bank's control over money supply: Former RBI Guv Duvvuri Subbarao moneycontrol.com /3 years ago
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