RE: 4 Exchanges & 11 Individuals Move Supreme Court Against Reserve Bank of India's Circular!

You are viewing a single comment's thread from:

4 Exchanges & 11 Individuals Move Supreme Court Against Reserve Bank of India's Circular!

in india •  7 years ago 

RBI is scared about its existance. If all money will go in cryptos then what will happen to actual currency ? It will get drained. If all Rupee will get converted into cryptos, then what will be role of RBI of having nothing with them in Rupees ? So, it is possible that RBI is trying to save money in the form of rupees by not lossing everything to cryptos, so that RBI will continue to operate. For this, there is a need to think of saving both, rupees as well as cryptos. By saving rupees, RBI wil ..

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Fiat currency cannot be removed any time soon but cryptocurrencies can exist side by side easily.