RBI is preparing to bring a digital currency in its regulation.

The internal members of the Reserve Bank Board are not in favor of private cryptocurrencies. Sources have given this information. The Reserve Bank has expressed its stance against cryptocurrencies several times. It says that it poses a serious threat to the macroeconomic landscape and financial stability. In fact, soon the government is preparing to bring a law for the regulation of cryptocurrencies. The board of the Reserve Bank (RBI) under the Central Bank of digital currency (CBDC) and private

discussed Friday on all aspects (Cryptocurrency).

The Cryptocurrencies and Official Digital Currency Regulation Bill 2021 is planned to be introduced in the current winter session of Parliament.

However, according to sources, there is little chance of this bill being introduced in this session now.

RBI said in a statement that its Central Board of Directors met in Lucknow under the chairmanship of Governor Shaktikanta Das.

All aspects related to CBDC and private cryptocurrencies were discussed in this meeting.

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RBI has proposed to the government to amend the RBI Act 1934 related to its constitution to amend the definition of banknotes.

There are plans to include digital currencies as well. The Reserve Bank has expressed its opinion against cryptocurrencies several times.

He considers it serious for the financial stability of the country.

For this reason, it is preparing to introduce a digital currency CBDC in its regulation in the coming times.

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RBI said that the central board also reviewed the current economic situation and challenges.

In view of the current domestic and global situation, necessary steps were also taken into consideration.

Deputy governors Mahesh Kumar Jain, Michael Debvrat Patra, M Rajeshwar Rao and T Ravi Shankar were also present in this meeting.

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