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The Times of India
The Times of India
Business
PTI

Ahead of govt consultation paper launch, RBI deputy governor says CBDCs can kill case for cryptocurrencies

T Rabi Sankar RBI Reserve Bank International Monetary Fund Bitcoin Mumbai

MUMBAI: Ahead of the government coming out with a consultation paper on cryptocurrencies, Reserve Bank deputy governor T Rabi Sankar on Thursday said the soon-to-be-introduced central bank digital currencies (CBDCs) can "kill" whatever little case that exists for private virtual currencies like bitcoin.

Sankar also attacked 'stable coins' which are pegged to a particular currency.

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