Know the position of RBI and the central government on cryptocurrencies

Recently, at a meeting chaired by Prime Minister Narendra Modi, the federal government and the Reserve Bank of India (RBI) were not on the exact same page about cryptocurrencies. This sector has been quietly blooming in India over the past few months. RBI Governor Shaktikanta Das reiterated that central banks are concerned about digital tokens and their epidemic in India, even though they are not recognized as a currency. Meanwhile, the Modi government and its department called for strong regulatory control over cryptocurrencies to avoid, rather than completely ban, money laundering and terrorist financing. "The government is aware of the…