Crypto licensing, user protection on agenda, says CoinSwitch co-founder

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Crypto licensing, user protection on agenda, says CoinSwitch co-founder - Business Standard

Quick Summary:

The Reserve Bank of India (RBI) maintains its stance, stating that cryptocurrencies pose risks to financial and monetary stability.

However, the firm is still not close to the all-time highs of the crypto euphoria that sustained during the pandemic.“It is still not at the level that we used to see in 2021 at the height of the last bull cycle.

The paper will seek to determine whether to ban or legalise crypto.“The consultation paper also hopefully would be out.