Pvt cryptocurrencies pose immediate risks to customer protection, prone to frauds: RBI
The Hindu
The latest report noted that the proliferation of private cryptocurrencies across the globe has sensitised regulators and governments to the associated risks.
Private cryptocurrencies pose immediate risks to customer protection and are prone to frauds and extreme price volatility, given their highly speculative nature, the Reserve Bank of India (RBI) said in its financial stability report released on Wednesday.
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The latest report noted that the proliferation of private cryptocurrencies across the globe has sensitised regulators and governments to the associated risks.
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