The Ripple ruling came together with fraud charges against the former boss of bankrupt crypto lender Celsius, which are contested, and on the heels of moves into the market by finance firms BlackRock and Fidelity. File photo: Reuters.
The Reserve Bank of India has expressed concern on cryptocurrencies and wants them banned because they can destabilize fiscal and monetary stability, Business Standard reported, noting that Finance Minister Nirmala Sitharaman told Parliament on Monday it wants international help to regulate crypto.
Sitharaman said because cryptocurrencies are borderless, any legislation to regulate or ban such assets will only be possible through global collaboration, the report added.
Read the full report: Business Standard.
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