ForumIAS announcing GS Foundation Program for UPSC CSE 2025-26 from 27th May. Click Here for more information.
RBI is not comfortable with bitcoins:
Context:
- Bitcoins and other cryptocurrencies
Why was it in the news?
- The RBI’s executive director termed non-fiat cryptocurrency as a private cryptocurrency.
- A group of people (user) who are looking at fiat cryptocurrencies.
- The RBI is studying the aspect of issuing a digital currency in place of the physical currency in circulation.
- The central bank has cautioned users about Bitcoins.
What is the recent spurt about Bitcoins?
- There has been a growing number of investors in cryptocurrencies over the last few years.
