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India: Sources Claim Central Bank ‘Researching’ Blockchain to Decide ‘What It Can Adopt’ by zeroshiki

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India: Sources Claim Central Bank ‘Researching’ Blockchain to Decide ‘What It Can Adopt’
https://images.cointelegraph.com/images/740_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy81YzIyY2VmOGE2ZWNlMmYyZjA2MjIzMDcxMWJkNjRhMS5qcGc=.jpg

Noises in the Indian media Monday, August 27 suggest the country’s central bank is keen to improve its understanding of cryptocurrency and blockchain, allegedly setting up a dedicated unit a month ago.

As Economic Times reports, citing “people familiar with the central bank’s plans,” the unit focuses on “research” of the phenomena, “to check what can be adopted and what cannot.”

The reports come as cryptocurrency remains taboo for Indian banks after the Reserve Bank of India (RBI) banned them from servicing industry businesses in April.

Despite a slight nuance set to allow cryptographic tokens (but not cryptocurrencies themselves), official endorsement of Bitcoin and its ilk remains lacking.

More info here: https://cointelegraph.com/news/india-sources-claim-central-bank-researching-blockchain-to-decide-what-it-can-adopt
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