India’s central bank has released its latest annual report which includes a section dedicated to cryptocurrency. The Reserve Bank of India outlines the risks posed by crypto and emphasizes the need to monitor crypto development in anticipation that some trading may shift from exchanges to peer-to-peer (P2P) mode.
Risks to Monetary Policy
The Reserve Bank of India, the country’s central bank, published on Wednesday its 268-page annual report for 2017-18.
While asserting that “the cryptocurrency eco-system may affect the existing payment and settlement system which could, in turn, influence the transmission of monetary policy,” the central bank wrote:
Topic: Reserve Bank of India Anticipates Shift to P2P Crypto Trading (Read 827 times)
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