RBI Cryptocurrency Digital Currency Launch Date, Price Prediction
Few hours back there is a shocking news out from officials of RBI that is Reserve Bank of India to soon launching new Digital currency in Indian market that is RBI cryptocurrency. At the same time there is another bigger and shocking news is RBI. This will ban banks or other entities which are dealing in virtual currencies. Mr. Kanungo Deputy Governor of RBI said that RBI regulated entities should disconnect any relationships with any business partner which is dealing with Cryptocurrency in coming 3 months. While explaining the reason behind this huge step taken by RBI, Kanungo said that if capital of cryptocurrencies reaches certain limit or threshold then it will be result into threat for financial stability in country and ultimately in the world.
At the same time Kanungo said that RBI is planning for introducing digital currency of its own. Reserve bank of India has taken this step to reduce the risk of financial instability due to risk in private digital token. Also Mr. Kanungo said that RBI realizes the benefits of blockchain technology and working on how it can be useful in improving the financial services and making the system more efficient.
Reserve Bank of India Cryptocurrency Wiki
As per the statements by Governor of RBI Mr. Kanungo, It is very clear that soon RBI will launch self-owned Cryptocurrency based on the blockchain technology. Neither the name of this Cryptocurrency is not finalized nor is launch date fixed by RBI. We will update you as soon as we get any inputs or news regarding the same.
As RBI is banning banks from dealing with Cryptocurrency business it is hard to believe that they are also thinking or planning to introduce their own Cryptocurrency in the market. If this is true then every Indian would have no option other than RBI Cryptocurrency. In case if he or she is planning to invest money in Digital currencies.
RBI bans Private Digital Currency
RBI has a pure plan to thrown out private digital currencies which are active in Indian Cryptocurrency market. As per latest statement by Governor of RBI, Banks or wallets which are entities of RBI are not allowed to make any transaction to or from any individual or business which are dealing with cryptocurrencies.
This is not final statements as there will be soon one circular to be roll out regarding this ban on banks or e-wallets for Cryptocurrency transactions. Also RBI is warning banks to stop or terminate any relationship if they have with Cryptocurrency business partners.
RBI Cryptocurrency Launch Date
There is no any official news has come out regarding the name or launch date of RBI Cryptocurrency. . Reserve bank of India is in initial stage of research and development for this new launch of RBI Cryptocurrency.
For now please refer our below table regarding RBI Cryptocurrency. That table is not completely filled because of insufficient data or unavailability of information
RBI digital currency Price Prediction 2018, 2020, 2025
As of now there is no official and final news regarding the launch date or name of RBI Cryptocurrency. So it will make no sense to go for price prediction of RBI Cryptocurrency which is not existing for now. We will update you as soon as we get any information from the news of Cryptocurrency market.
We just provide prediction which is not 100% true it's just set according to previous year's performance of cryptocurrency and investing in cryptocurrency is not legal in any country so invest at your own risk and we do not give any suggestions or advices about investment. For more info read our disclaimer page.