RBI Might Have Delayed Crypto Bill

Reserve Bank of India deputy governor Michael Patra said the central bank’s views about cryptocurrencies might have delayed the government’s proposed legislation, the Deccan Herald reported.

A central bank digital currency would be introduced in fiscal 2023, but Patra said India will proceed very gradually as there are concerns over privacy, monetary policy and energy intensity.

Read the full report: Deccan Herald

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George Russell

George Russell is a freelance writer and editor based in Hong Kong who has lived in Asia since 1996. His work has been published in the Financial Times, The Wall Street Journal, Bloomberg, New York Post, Variety, Forbes and the South China Morning Post.