Altcoins Talks - Cryptocurrency Forum

Further Discussions => Banks & Cryptos => Topic started by: sirty143 on May 19, 2022, 05:52:00 AM

Title: India's Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy
Post by: sirty143 on May 19, 2022, 05:52:00 AM

India's Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy

(https://i.imgur.com/WEGtXaMm.jpg)

India’s central bank, the Reserve Bank of India (RBI), has expressed concerns that cryptocurrencies could lead to the dollarization of a part of the Indian economy. See more for yourself here (https://news.bitcoin.com/indias-central-bank-rbi-warns-crypto-could-lead-to-dollarization-of-economy/).

Your opinion is greatly appreciated.

Title: Re: India's Central Bank RBI Warns Crypto Could Lead to Dollarization of Economy
Post by: Cakra bumi212 on June 17, 2022, 02:44:52 PM

maybe this can be a phenomenon if all the people of a country use cryptocurrency extensively in addition to their own country's currency, this can happen If they don't believe in the domestic currency for inflation and interest rate volatility, so they tend to prefer holding crypto currencies