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RBI Calls for International Regulation of Cryptocurrency Activities

RBI Calls for International Regulation of Cryptocurrency Activities

The Reserve Bank of India (RBI) has released a financial stability report, in which it recommends an international framework for regulating crypto assets. The report states that the volatility and structural vulnerabilities of these assets, as well as their increasing interconnection with traditional financial systems, have caused turmoil in the crypto market. The RBI suggests...