India is not banning crypto currencies

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India's finance minister Nirmala Sitharaman has been tough against cryptocurrencies in her last two annual budgets for the world's fifth largest. India should regulate trading of virtual currencies through monitored exchanges. Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that cryptocurrency should be completely banned from the country and it can.

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Most of it is dollar denominated and if one allows it to grow, which means 20 percent of the transactions is happening through crypto, that means it is not happening by the central bank and it is issued by private companies all over the world. Basics of crypto and blockchain. Stocks Stock Liveblog. Share this Comment: Post to Twitter.