RBI

The Republic of India, a country in South Asia, might finally release the long-awaited regulatory draft on digital currency (crypto) before 2018 ends. This follows the recent ban by RBI, blackballing banks and other financial institutions from transacting with all crypto exchanges in the country.

Some time back, the Indian Reserve Bank (RBI) was working tirelessly to sweep Cryptos out of the nation, but it appears that the government may have an ace up its sleeve to annex that effort.

The Reserve Bank of India replied to an enquiry looking for explanations for its rationale to proscribe banks from dealing with the cryptocurrency industry and acknowledged that it did not conduct any research anterior to its precludable action.