Cryptocurrency under our lens: RBI

Cryptocurrency under our lens: RBI

The Governor of Reserve Bank of India (RBI), Raghuram Rajan, has said that an "active market intelligence" mechanism on cryptocurrency is needed at present to ensure that any illegal transaction happening in the country becomes easily traceable for the law enforcement agencies. Rajan further disclosed that while RBI, at this stage, is not intervening in the digital currency market, yet it is watching it closely. Describing the digital currency market as "very very small" the governor of RBI also said that "our philosophy is that if it is small then let it develop, let us see how it works....


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